SAN FRANCISCO (AFP) — Intel Corp. said Tuesday its second-quarter profit rose 25 percent from a year ago to 1.6 billion dollars as the world's biggest computer chipmaker shook off economic headwinds.
The profit amounted to 28 cents per share, better than the consensus Wall Street estimate of 25 cents.
The California-based company said revenue rose nine percent to a record 9.5 billion dollars.
"Intel had another strong quarter with revenue at the high end of expectations and earnings up substantially year over year," said Paul Otellini, Intel president and chief executive.
"As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all parts of the globe."
Intel saw a modest dip in after-market trade, as its guidance for the coming quarter called for revenue in a range of 10 billion to 10.6 billion dollars, compared with a Wall Street estimate of 10.7 billion. In regular trade Intel shares rose 1.2 percent to 20.71 dollars.
Intel said it sees an improvement in gross profit margins to 58 percent in the coming quarter from 55.4 percent in the second quarter and 53.8 percent in the first quarter.
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