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Intel reports record financials for Q3 2011
Intel has reported yet another record quarter for Q3, with revenues of $14.3 billion and net income of $3.5 billion, up 29% and 24% versus Q3 2010, respectively. The record financials were driven largely by strong growth in notebook and Data Center (and cloud computing) segments.
Intel has reported yet another record quarter for Q3, with revenues of $14.3 billion and net income of $3.5 billion, up 29% and 24% versus Q3 2010, respectively. The record financials were driven largely by strong growth in notebook and Data Center (and cloud computing) segments.
Compared to the previous record, Q2 2011, revenues were boosted 9% and net income 15% for Q3. The only blemish was the Atom division, down 32% versus Q3 2010, due to strong competitiom from AMD's superior C-Series and E-Series APUs.
Looking to Q4 2011, Intel expects the juggernaut to roll on with another record quarter. Revenue of $14.7 billion plus or minus $0.5 billion is forecasted, and could see Intel achieving quarterly revenue of $15 billion for the first time.
Source: Intel
