Intel 1H Revenues Up 38.9% To $21.06B
Intel‘s revenues increased in the first half of this year by 38.9% to 21.06 billion dollars and net profit rose to 5.32 billion dollars from 231 million dollars in the same period last year, resistance due to recession of global demand for PCs and servers.
The American group, the largest manufacturer of processors in the world, registered in the first half of 2009 revenues of $ 15.16 billion and the profit of that period was affected by the 1.447 billion dollars fine imposed by the European Commission, according to the financial report presented Wednesday by Intel.
In the second quarter, company revenues rose 34.1% to 10.76 billion dollars from 8.02 billion dollars in the corresponding period last year, while net profit stood at 2.88 billion dollars compared to a net loss of $ 398 million between April to June 2009.
Quarterly results the company broke the estimates of analysts on Wall Street and caused a wave of optimism in the IT & C sector, pushing power companies’ shares to profile the index futures of the stock market in New York, which announces a session of significant increases, Reuters noted.
Intel also recorded, in the second quarter, the highest gross profit margin in company history, 67% of revenue, and anticipates revenues of 11.2 to 12 billion dollars for the third quarter.
“Strong demand from corporate clients for the most advanced microprocessors that Intel helped produce to obtain the best quarter in history for 42 years the company (…)the PC and server segments are healthy and demand for high technology will continue to grow in the foreseeable future,” said Paul Otellini, Intel president and general manager.
Intel shares climbed 7.1% on the futures market, while Microsoft and Cisco securities rose by about 2%, while Texas Instruments rose 1.8%. The shares of Advanced Micro Devices (AMD), Intel’s main rival, advanced 5%.
