Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

Intel quarterly profit drops

United States America,Business/Economy, Wed, 18 Apr 2012 IANS

San Francisco, April 18 (IANS) Intel has reported that its profit in the most recent quarter fell nearly 13 percent, but the results still beat analysts' estimates.

 

In the company's 2012 first quarter ending March 31, Intel posted the net income of $2.74 billion, compared with $3.16 billion in the same period a year earlier, reported Xinhua.

 

 

Excluding certain items, the world's largest computer chip-maker earned 56 cents per share, down from 59 cents per share in the year-ago quarter.

 

Intel's revenue reached $12.91 billion in the quarter, slightly up 0.5 percent year-on-year.

 

Analysts had expected the company to earn 50 cents per share on revenue of $12.85 billion, according to a consensus survey by FactSet Research.

 

Sales in Intel's three major business groups including the PC client and data center all declined from that in the year-ago period and in the previous quarter, but the company sounded optimistic while releasing the latest results.

 

"The first quarter was a solid start to what's expected to be another growth year for Intel," Paul Otellini, Intel's chief executive officer, said in a statement Tuesday.

 

 


LATEST IMAGES
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.