It’s the earnings season again, and Intel was one of the technology giants to report its third quarter earnings. Its revenue in Q3 2012 was $13.5 billion, almost flat compared to the last sequential quarter. Its net income, however, was $3 billion, up 5.1% sequentially. It reported an operating income of nearly $3.8 billion, an generated $5.1 billion in cash from operations.
Paul Otellini, Intel president and CEO, said:
“Our third-quarter results reflected a continuing tough economic environment. The world of computing is in the midst of a period of breakthrough innovation and creativity. As we look to the fourth quarter, we’re pleased with the continued progress in Ultrabooks and phones and excited about the range of Intel-based tablets coming to market.”
The PC Client group which is primarily the consumer PC division generated $8.6 billion in revenue, while the Data Center Group which is the server chip business generated $2.7 billion in revenue.
Intel also projected Q4 2012 revenue at $13.6 billion, slightly higher than current revenue. Intel is trying hard to get a strong foothold in the mobile processor market, which is dominated by ARM. Intel’s future also depends on the success of Microsoft’s Windows 8 on tablets to some extent. The next couple of years might be decisive for Intel.
via Intel – SEC