[Techtaffy Newsdesk]

Intel has reported quarterly revenues of $12.9 billion, operating income of $3.8 billion, net income of $2.7 billion and EPS of 53 cents. The company generated approximately $3.0 billion in cash from operations, paid dividends of $1.0 billion and used $1.5 billion to repurchase stock.

“The first quarter was a solid start to what’s expected to be another growth year for Intel,” said Paul Otellini, Intel president and CEO. “In the second quarter we’ll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond.”
Q1 Key Financial Information

• PC Client Group revenue was $8.5 billion, down 7 percent sequentially.
• Data Center Group revenue was $2.5 billion, down 10 percent sequentially.
• Other Intel architecture group revenue was $1.1 billion, down 2 percent sequentially.
• The first quarter of 2012 includes full-quarter revenue contributions from last year’s McAfee and Infineon Wireless Solutions acquisitions of $935 million.

Business Outlook

• Revenue: $13.6 billion, plus or minus $500 million.
• Gross margin percentage: 62 percent, plus or minus a couple of percentage points.
• R&D plus MG&A spending: approximately $4.6 billion.
• Amortization of acquisition-related intangibles: approximately $80 million.
• Impact of equity investments and interest and other: loss of approximately $20 million.
• Depreciation: approximately $1.6 billion.

Upload: 04-18-12