Intel reports $11 bln revenue

Daily News Egypt Authors
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Intel Corporation reported this week third-quarter revenue of more than $11 billion, up 18 percent year-on –year, according to a statement.

The company’s operating income was $4.1 billion and net income $3 billion.

“Intel’s third-quarter results set all-time records for revenue and operating income,” said Paul Otellini, Intel president and CEO, “…driven by solid demand from corporate customers… and continued growth in emerging markets.”

The firm expects fourth quarter revenues of around $11.4 billion, the statement read.

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