FORUMS
PRICEWATCH
VIDEOS
Intel posts impressive Q3 financials
Reported by Sub on Wednesday, October 14 2009 6:44 pm
It seems Intel is showing signs of recovering from recession. Techreport reports strongest second-to-third quarter growths - though this is mostly due to the dismal Q3 performance, mostly reduced by recession and the mammoth $1.45 billion EC fine. Intel posts revenue of $9.4 billion, while down from Q3 2008, is up from the $8.0 billion in Q2 2009. Impressively, the net income is $1.9 billion almost on par with Q3 2008 results. This is up from a $398 million deficit in Q2 2009 (though most of it is due to the $1.45 billion fine). We suspect the Lynnfield products have played quite a hand in this turnaround - and it could also be signs that the hardware industry is recovering from recession. Reference: TechReport
It seems Intel is showing signs of recovering from recession. Techreport
reports strongest second-to-third quarter growths - though this is
mostly due to the dismal Q3 performance, mostly reduced by recession and
the mammoth $1.45 billion EC fine.
Intel posts revenue of $9.4 billion, while down from Q3 2008, is up from the $8.0 billion in Q2 2009. Impressively, the net income is $1.9 billion almost on par with Q3 2008 results. This is up from a $398 million deficit in Q2 2009 (though most of it is due to the $1.45 billion fine).
We suspect the Lynnfield products have played quite a hand in this turnaround - and it could also be signs that the hardware industry is recovering from recession.
Reference: TechReport
Intel posts revenue of $9.4 billion, while down from Q3 2008, is up from the $8.0 billion in Q2 2009. Impressively, the net income is $1.9 billion almost on par with Q3 2008 results. This is up from a $398 million deficit in Q2 2009 (though most of it is due to the $1.45 billion fine).
We suspect the Lynnfield products have played quite a hand in this turnaround - and it could also be signs that the hardware industry is recovering from recession.
Reference: TechReport
ARTICLE NAVIGATOR
UP NEXT
