Intel 3Q Revenues Boosted by Corporate IT Spending

Intel executives in August warned that weakening
consumer PC sales
in the third quarter threatened what had been an
extremely strong year for the company.

However, corporate spending on technology helped Intel revenues increase to $11.1 billion, a new high-water mark for the company. Revenues grew 18 percent in 3Q 2010 compared with the same period last year, while 3Q 2010 earnings
rose to $2.96 billion from $1.86 billion in 3Q 2009.

Despite weak consumer spending, Intel’s 3Q 2010 results continued a string of record-setting quarters, fueled by
sales in its traditional PC and server processor businesses as well as the
company’s growing initiatives in new areas such as embedded systems and mobile

For more, read the eWeek article Intel Revenues Exceed $11 Billion in Third Quarter.

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

Get the Free Newsletter!

Subscribe to Daily Tech Insider for top news, trends, and analysis.

Latest Articles