Strong demand for phones and tablets helps Intel post record revenue

July 21, 2011
By

Chipmaker Intel has posted record quarterly revenues and higher profits for the fifth consecutive quarter. 

Revenue for the second quarter was $13bn (£8bn), up more than 20% on a year earlier, while profits rose slightly to $3bn.

The US firm, which has its European sales and marketing base in Swindon, said it expected sales in the second half of the year to rise at a similar rate due in part to continuing strong demand for mobile phones and tablets

It said demand in emerging markets was helping to drive overall sales.

Intel chief executive Paul Ottelini said: “We achieved a significant new milestone in the second quarter, surpassing $13bn for the first time. 

“Strong corporate demand for our most advanced technology, the surge of mobile devices and internet traffic fuelling data centre growth, and the rapid rise of computing in emerging markets drove record results.”

 

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