Intel Reports First-Quarter Revenue of $12.9 Billion

Tuesday, April 17th 2012. | Hardware News

Intel Reports First-Quarter Revenue of $ 12.9 Billion

Intel Corporation today reported quarterly revenue of $ 12.9 billion, operating income of $ 3.8 billion, net income of $ 2.7 billion and EPS of $ 0.53. The company generated approximately $ 3.0 billion in cash from operations, paid dividends of $ 1.0 billion and used $ 1.5 billion to repurchase stock. The results beat analyst expectations, but first-quarter earnings fell 13 percent as spending on research and marketing rose while sales were flat.

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“The first quarter was a solid start to what’s expected to be another growth year for Intel,” said Paul Otellini, Intel president and CEO. “In the second quarter we’ll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond.”

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