What's that? Intel's latest round of quarterly results don't break all sorts of new records? Color us surprised.
The world's biggest CPU maker still raked in plenty of cash last quarter, of course: $2.7 billion profits on $12.9 billion revenue, to be exact. That's a teeny bit more revenue and less profits than a year ago, though to be fair, the company's gross margin did grow by a few points:
|Q1 2011||Q4 2011||Q1 2012|
|Revenue||$12.8 billion||$13.9 billion||$12.9 billion|
|Net income||$3.2 billion||$3.4 billion||$2.7 billion|
Intel expects better performance this quarter. "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," says CEO Paul Otellini. The company forecasts revenue of $13.1-14.1 billion with gross margin in the 61-63% range. That would be an improvement over the second quarter of last year, when Intel reported $13 billion revenue and a 61% gross margin.