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Intel wows the Street with best quarter ever

Jul 15, 2010, 20:34 (0 Talkback[s])
(Other stories by Jonathan Angel)

"Investors might be jittery about the economy, but Intel doesn't appear to be, reporting glowing results for the second quarter of its 2010 financial year. "Strong demand ... helped Intel achieve the best quarter in the company's 42-year history," said Paul Otellini, the company's president and CEO.

"According to Intel, its revenue for the second quarter of 2010 was $10.8 billion, up $466 million compared to the first quarter, and up $2.7 billion compared to Q2 2009. Operating income during the same period was $4.0 billion, up $533 million from the previous quarter and $4.0 billion from Q2 2009, the company added.

"Commenting on the second-quarter 2010 financial results, Intel Chief Financial Officer Stacy Smith (right) added that the company's net income was up 17 percent sequentially..."

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