Always a key indicator of how the IT industry is faring, Intel has released strong third-quarter results showing revenue of $9,4-billion, operating income of $2,6-billion and net income of $1,9-billion.
"Intel's strong third-quarter results underscore that computing is essential to people's lives, proving the importance of technology innovation in leading an economic recovery," says Paul Otellini, Intel president and CEO. "This momentum in the current economic climate, plus our product leadership, gives us confidence about our business prospects going forward. As we look ahead, Intel's game-changing 32nm process technology will usher in another wave of innovation from new, powerful Intel Xeon server platforms to high-performance Intel Core processors to low-power Intel Atom processors."
Mobile group revenue was up 19%, Digital Enterprise group revenue was up 14%, and Atom processors and chipset revenue grew 15% to $415-million.
The company was also bullish about its prospects in Q4 saying it expected to generate revenue of about $10,1-billion.