Intel has reported its best first quarter ever – with first-quarter revenue of $10,3-billion, operating income of $3,4-billion, net income of $2,4-billion and EPS of 43 cents.
"The investments we're making in leading edge technology are delivering the most compelling product line-up in our history," says Paul Otellini, Intel president and CEO. "These leadership products combined with growing worldwide demand and continued outstanding execution resulted in Intel's best first quarter ever.
"Looking forward, we're optimistic about our business as Intel products are designed into a variety of new and exciting segments."
Revenue was up 44% compared to the first quarter of 2009, while operating income was up 433% compared to the same quarter last year, net income was up 288% and earnings per share up 32 cents.
Looking ahead for the rest of the year, Intel expects a gross margin percentage of about 64%.