Intel Corporation today announced first-quarter revenue of $8.9 billion, operating income of $1.7 billion, net income of $1.6 billion and earnings per share (EPS) of 27 cents. The results included the effect of a $300-million reversal of previously accrued taxes that increased EPS by approximately 5 cents.
„The strong momentum of our industry-leading Intel® Core™ microarchitecture product family, combined with ongoing structural cost improvements, delivered solid financial results in the first quarter,“ said Intel President and CEO Paul Otellini. „Our product strength is reflected in the fact that average selling prices for the quarter held up well in a very competitive environment.“
Click here to continue reading the Q1 2007 Earnings Release [PDF 236KB]
Earnings Webcast
Intel will hold a public webcast at 2:30 p.m. PST today on its Investor Relations Web site at www.intc.com, with a replay available until May 1.
About Intel
Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom.
