On and on it goes.
Intel posted financial results for its second fiscal quarter of 2011, showing double-digit growth across all its business segments and $13 billion dollars in revenue.
Some of the relevant stats:
- The company pulled in some $3.9 billion in operating profit.
- The company also saw its gross margins contract by 6.6 percent.
“We achieved a significant new milestone in the second quarter, surpassing $13 billion in revenue for the first time,” said Intel president and CEO Paul Otellini, in a statement. “Strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fueling data center growth, and the rapid rise of computing in emerging markets drove record results.”
Intel does have some substantial challenges ahead – The rise of ARM chips.
Not only do ARM chips power the stupendously successful Ipads but they will also power Windows 8 tablets and notebooks next year.
In Intel’s earning call’ Otellini said Intel aims to be “hyper-competitive” with ARM on the WIndows 8 mobile and portable device front.
Lots of exciting developments in the chip maker space.
Between Intel, AMD and ARM, it’s going to be a rough and tumble battle.