Home > News > Intel posts impressive Q3 financials
NewsProcessors

Intel posts impressive Q3 financials

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

TeamVR
http://vrzone.com
VR-Zone is a leading online technology news publication reporting on bleeding edge trends in PC and mobile gadgets, with in-depth reviews and commentaries.

Leave a Reply

Your email address will not be published.

Read previous post:
UPDATED: [Rumour] ATI Radeon HD 5900 arriving?

Though the ATI Radeon HD 5800 is barely three weeks old, there is already talk of a HD 5900 series....

Close