(http://www.blogcdn.com/www.engadget.com/media/2012/10/intel-logo.jpg) (http://www.engadget.com/2013/04/16/intel-reports-q1-earnings-12-6-billion-revenue/)
Intel just reported a quarterly net income of $2 billion, with $12.6 billion in revenue for a total earnings of 40 cents per share. Net income is down 17 percent compared to Q4 2012, when the company reported $2.5 billion (http://www.engadget.com/2013/01/17/intel-posts-q4-2012-earnings/) in profit. Revenue is also down by seven percent compared to the previous quarter's $13.5 billion. President and CEO Paul Otellini, who is stepping down (http://www.engadget.com/2012/11/19/intel-ceo-paul-otellini-to-step-down-in-may/) in May, references the upcoming 14nm transition, saying that the technology will "will significantly increase the value provided by Intel architecture and process technology for our customers and in the marketplace." The earnings call is set to happen soon; we'll report back with any additional news -- on the CEO front or otherwise.
Filed under: Desktops (http://www.engadget.com/category/desktops/), Intel (http://www.engadget.com/category/intel/)
Comments (http://www.engadget.com/2013/04/16/intel-reports-q1-earnings-12-6-billion-revenue/#comments)
Source: Intel Newsroom (http://newsroom.intel.com/community/intel_newsroom/blog/2013/04/16/intel-reports-first-quarter-revenue-of-126-billion)
Via: Engadget