Intel Corporation has almost quadrupled profits with a record first- quarter financial performance. Intel Corporation today reported first-quarter revenue of $10.3 billion. The company reported operating income of $3.4 billion, net income of $2.4 billion and EPS of 43 cents.
Intel is hoping that the trend will continue into the second quarter and is predicting thats its revenues will come in at around $10.2 billion.
The strong Intel results have fuelled optimism within the tech sector and technology spending is once again gathering momentum with corporate demand returning as companies replaced their ageing PCs.
Via Crunch GearFiled Under: Technology News