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Intel Q1 earnings surge

Intel has said that its first quarter profit jumped 288% from a year ago, as revenue surged and margins improved sharply amid growing worldwide demand for chips used in PCs and servers. The world's biggest chipmaker reported net income for the first quarter of US$2.44 billion compared to $629 million for the year-ago quarter.

 

Intel said Data Center Group revenue for the quarter surged 48.4% year-over-year to US$1.87 billion, with microprocessor revenue up 53.5% and chipset, motherboard and other revenue up 26.6%. This segment caters to the server, workstation, and storage computing market segments, and wired network connectivity products.

 

Source: Trading Markets

 

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