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Intel reports first-quarter revenue of US$12.9 billion

Intel has reported quarterly revenue of US$12.9 billion, operating income of US$3.8 billion, net income of US$2.7 billion and EPS of US$0.53. The company generated approximately US$3.0 billion in cash from operations, paid dividends of US$1.0 billion and used US$1.5 billion to repurchase stock. 

"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. 

Source: Market Watch

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