Intel back to double-digit growth

Intel has reported first-quarter revenue up 17% to $9.4bn (£5.22bn) and a 25% increase in net profits to $2.2bn (£1.22bn).

Intel has reported first-quarter revenue up 17% to $9.4bn (£5.22bn) and a 25% increase in net profits to $2.2bn (£1.22bn).

“Led by strong demand for our mobile products, Intel has posted double-digit revenue and profit growth compared with a year ago,” said Intel chief executive officer Craig Barrett.   

“In the coming quarters we expect to carry on the pace set over past decades by ramping up our industry-leading 65nm process technology and launching additional dual-core microprocessors for our desktop, notebook and server platforms."  

During the quarter, Intel announced a broad company reorganisation to bring all major product groups in line with its strategy to develop and deliver complete technology platforms based on Intel components and technology.   

Intel has just launched its first dual-core processing chips, ahead of rival AMD, and its first chipsets to address the fixed wireless broadband market based on the WiMax standard.

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