Intel Reports Net Income of $1.856 Billion in Q3 2009

Intel Corporation has just reported third-quarter revenue of $9.4 billion. The company reported operating income of $2.6 billion, net income of 1.856 billion and earnings per share of 33 cents. The gross margin reached 58%, up 7 points sequentially.

According to the company, Atom processors contributed a revenue of $415 million in Q3, increasing by 15% from the second quarter.

“Intel’s strong third-quarter results underscore that computing is essential to people’s lives, proving the importance of technology innovation in leading an economic recovery,” said Paul Otellini, Intel president and CEO. “This momentum in the current economic climate, plus our product leadership, gives us confidence about our business prospects going forward. As we look ahead, Intel’s game-changing 32nm process technology will usher in another wave of innovation from new, powerful Intel Xeon server platforms to high-performance Intel Core processors to low-power Intel Atom processors.”

Source: expreview.com