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Intel’s Q1 Boosted By Enterprise Strength, New Products

Intel reported growth in revenue and income for the first quarter of 2011. Company reported net income of US$3.2 billion on a GAAP (generally accepted accounting principles) basis for the quarter ended on April 2, up 29 percent compared to the same quarter a year ago. Intel earlier this year completed the acquisitions of security company McAfee and Infineon’s wireless division, which contributed around $500 million to the first-quarter revenue. Analysts polled by Thomson Reuters estimated revenue to be $11.6 billion.”]

Source: https://www.csoonline.com/article/2128259/intel-s-q1-boosted-by-enterprise-strength–new-products.html

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