Telecom Lead India: Chip major Intel has reported 5
percent increase in second quarter revenue at $13.5 billion against $12.9
billion in the same quarter last year.
Its profit grew 3 percent to $2.8 billion from $2.7
billion.
Intel’s operating income was $3.8 billion. The company
generated approximately $4.7 billion in cash from operations, paid dividends of
$1.1 billion and used $1.1 billion to repurchase stock.
The second quarter was highlighted by solid execution
with continued strength in the data center and multiple product introductions
in Ultrabooks and smartphones,” said Paul Otellini, Intel president and CEO.
Intel has warned that its third quarter will be
challenging.
As we enter the third quarter, our growth will be slower
than we anticipated due to a more challenging macroeconomic
environment. With a rich mix of Ultrabook and Intel-based tablet and
phone introductions in the second half, combined with
the long-term investments we’re making in our product and
manufacturing areas, we are well positioned for this year and beyond,” Otellini
added.
Intel anticipates third quarter revenue to go up between
3 percent and 5 percent year over year, down from the prior expectation for
high single-digit growth.
In the second quarter of 2012, Intel’s PC Client Group
revenue was $8.7 billion, up 3 percent sequentially.
Intel’s Data Center Group revenue was $2.8 billion, up 14
percent sequentially.
Other Intel architecture group revenue was $1.1 billion,
up 3 percent sequentially.
In the second quarter of 2012, Intel reorganized its
smartphone, tablet, and mobile communication businesses within the other Intel
architecture operating group to enable the Chip maker to move faster and with
greater collaboration and synergies in the market segment for mobile devices.
As part of the reorganization, Intel separated the former
Netbook and Tablet Group into the following new operating groups: Netbook Group,
Tablet Group, and Service Provider Group.
Additionally, the former Ultra-Mobility Group is now the
Phone Group. The other Intel architecture operating group continues to include
the Intelligent Systems Group and Intel Mobile Communications.
