Intel Corp 1Q revenue rose 25%April 20, 2011 - 11:10 AMT PanARMENIAN.Net - Intel Corp. posted quarterly earnings that blew past Wall Street’s expectations and revenue that hit a record high. Growth in the quarter was largely driven Intel’s PC sales, which account for the vast majority of the chipmaker’s revenue. Intel (INTC, Fortune 500) said revenue rose 25% over the previous year to $12.9 billion, topping analysts’ forecasts of $11.59 billion, CNNMoney reports. The company’s revenue guidance for the second quarter also exceeded expectations. While analysts are forecasting $11.9 billion in revenue, Intel said it now expects to log revenue of $12.8 billion in the quarter, plus or minus $500 million. Intel’s gross margin in the first quarter was 61% - in line with forecasts - and the company said it expects its gross margin to remain at that level in the second quarter as well, plus or minus a couple percentage points. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Exclusive access to all EURO 2024 games for Ucom subscribers This year once again Ucom stands as the primary partner of UEFA EURO 2024 in Armenia. Pashinyan congratulates Putin on Russia Day Nikol Pashinyan sent congratulatory messages to Vladimir Putin and Mikhail Mishustin on the occasion of Russia Day. Armenia, U.S. to upgrade Strategic Dialogue meeting to Strategic Partnership Commission The two governments have release a statement on the occasion of the U.S.-Armenia Strategic Dialogue Capstone meeting. Azerbaijan complains to Germany about Armenia's constitution Bayramov has complained about the Armenian constitution to his German counterpart Annalena Berbock. |