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Intel posts record quarter

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The IT industry keeps on bucking the economic slowdown trend, with Intel announcing record growth in its second quarter and an expectation of further growth going forward.

The chip-maker announced record second-quarter revenue of $9,5-billion, operating income of $2,3-billion, net income of $1,6-billion and earnings per share (EPS) of 28 cents.
"Intel had another strong quarter with revenue at the high end of expectations and earnings up substantially year over year," says Paul Otellini, Intel president and CEO. "As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all parts of the globe."
The company's revenue was 9% higher that the second quarter last year, operating incoming was up 67%, net income increased 25% and earnings per shaer were up 27%.