Intel Posts Q2 2010 Results

July 21, 2010 by Sanjay

Santa Clara, California-headquartered Intel Corporation has posted the financial results for the second quarter of 2010.

The company has notched up revenue of USD 10.8 billion, which is up by USD 2.7 billion over its revenue for Q2 2009. Operating income zoomed to USD 4.0 billion which is USD 4.0 billion more than the income in the corresponding Q2 of 2009. As a result, the net income has come to USD 2.9 billion, with an EPS of 51 cents which makes Q2 2010 a watershed quarter for Intel, in its 42 year history.

The company’s sales are in tune with trend in the market: more mobile microprocessors are being sold than desktop processors. Server microprocessors too sold higher by as much as 13% as compared to Q1 2010. The company has spend USD 3.25 billion in research and development, as well as in mergers and acquisitions.

Intel is at the forefront of microprocessor manufacturing. The company is in direct competition with AMD, and it shook off a long-drawn litigation with the latter in the last quarter through a one-time settlement payment that saw a dip in its reserves in the earlier quarter.