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McAfee, Infineon wireless buys boost Intel's Q1

Microscope contributor

Boosted by revenues and profits from the McAfee and Infineon wireless division acquisitions, Intel recorded Q1 net profits of $3.2bn (£1.95bn) - up 29% on the $2.44bn of Q1 2010 - on revenues of $12.8bn - up 25% from the $10.3bn of Q1 2010, writes David Manners

Operating income increased by 21%. Gross margin was 61.4% down from the 63.5% of Q1 2010 and $4bn cash was generated.

Intel forecast second-quarter revenue of $12.3-$13.3bn and a 2011 capex of $10.2bn.

"The first-quarter revenue was an all-time record for Intel fuelled by double digit annual revenue growth in every major product segment and across all geographies," said Intel CEO Paul Otellini. "These outstanding results, combined with our guidance for the second quarter, position us to achieve greater than 20% annual revenue growth."

The revenue from PCs was $8.62bn, up from $7.37bn in Q1 2010, Operating profit was $3.54bn.

Revenue from data centres was $2.46bn compared to $1.87bn in Q1 2010 for a profit of $1.22bn.

Sales of chips for mobile, netbooks, tablets, embedded applications and communications totalled $1.15bn for an operating loss of $36m.

Regional revenues split: US - $2.7bn; Europe - $1.6bn; Asia-Pac - $7.3bn.

A version of this story originally appeared on ElectronicsWeekly.com


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