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Intel records $2.9bn profit in record quarter

Intel - massive profits
Intel - massive profits

Intel has announced its best ever quarter, putting a $2.9 billion (£1.91bn) profit down to healthy PC and server markets and its own 'leading-edge' technology.

The chip giant increased profits from the last quarter by a whopping $445 (£293m) and reporting revenue of $10.8 billion (£7 billion).

The Core ranges have proven to be popular in desktops and, perhaps more importantly, the still-buoyant laptop arena, while Atom has become the key player in netbooks.

Strong demand

But corporate customers were credited with the huge profits reported, in a 34 per cent increase in revenue.

"Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history," said Paul Otellini, Intel president and CEO.

"Our process technology lead plus compelling architectural designs increasingly differentiate Intel-based products in the marketplace.

"The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future."

Not bad, especially considering the company is still paying off the massive European Commission fine.

Patrick Goss

Patrick Goss is the ex-Editor in Chief of TechRadar. He is a passionate and experienced journalist, and he has been lucky enough to work on some of the finest online properties on the planet, building audiences everywhere and establishing himself at the forefront of digital content.