Intel (http:/www.intel.com) has reported quarterly revenue of US$12.9 billion, operating income of $3.8 billion, net income of $2.7 billion and earnings per share of $0.53. The company generated approximately $3.0 billion in cash from operations, paid dividends of $1.0 billion and used $1.5 billion to repurchase stock.
“The first quarter was a solid start to what’s expected to be another growth year for Intel” says Paul Otellini, Intel president and CEO. “In the second quarter we’ll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond.”