Narrowly misses Wall Street prediction
The whole PC industry fall is starting to take its toll on big guys as well, including the great and mighty Intel. In a quarterly financial report, Intel reported that its second quarter revenue is US $12.8 billion which is around US $100 million short of previous Wall Street predictions.
As noted, Intel reported US $12.8 billion revenue with operating income of US $2.7 billion, net income of $2 billion while shares fell down to 39 cents per share. These results are around 30 percent lower year-on-year. According to Intel, current quarter sales should be somewhere in the US $13 to $14 billion range which is quite lower than what was generally expected by analysts.
Intel's new CEO, Brian Krzanich expressed his confidence in Intel and noted that Intel will leave no computing opportunity untapped, making it its highest priority to create the best products for the fast growing ultra-mobile market segment.
Source: Intel.com.
As noted, Intel reported US $12.8 billion revenue with operating income of US $2.7 billion, net income of $2 billion while shares fell down to 39 cents per share. These results are around 30 percent lower year-on-year. According to Intel, current quarter sales should be somewhere in the US $13 to $14 billion range which is quite lower than what was generally expected by analysts.
Intel's new CEO, Brian Krzanich expressed his confidence in Intel and noted that Intel will leave no computing opportunity untapped, making it its highest priority to create the best products for the fast growing ultra-mobile market segment.
Source: Intel.com.
News by Luca Rocchi and Marc Büchel - German Translation by Paul Görnhardt - Italian Translation by Francesco Daghini
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