Intel logs 30-year sequential revenue growth record

Chip manufacturer Intel said yesterday that the jump in revenues it experienced between the second and third financial quarters of its financial year – up 17% to $9.4 billion – was the steepest in 30 years.

The announcement will be seen as a positive sign of the state of the IT industry, as chip sales are considered a lead indicator for adoption of all kinds of system.

However, the company’s quarterly revenue was still significantly lower than it was a year ago: down 9% from $10.2 billion.

The sequential revenue hike was driven by a 19% quarter-to-quarter revenue increase to $4.1 billion for the company’s mobility division.

Intel estimated that its revenues would be around $10.4 billion in the fourth quarter of the year.

 

Pete Swabey

Pete Swabey

Pete was Editor of Information Age and head of technology research for Vitesse Media (now Bonhill Group plc) from 2005 to 2013, before moving on to be Senior Editor and then Editorial Director at The...

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