Intel today announced a record first-quarter revenue of $9.7 billion as well as a net income of $1.4 billion. Revenue was down 10% sequentially and up 9% year-over year. Net income was down 36% sequentially and down 12% compared to Q1 2007.
“Our first quarter results demonstrate a strengthening core business and a solid global market environment,” said Paul Otellini, Intel’s president and CEO, in a prepared statement. “We saw healthy demand for our leading-edge processors and chipsets across all segments. Looking forward, we remain optimistic about our growth opportunities as we continue to reap the benefits of our 45nm technology leadership.”
While the company reported lower microprocessor shipments and flat average selling prices, it appears that the company’s Tigerton Xeon MP processor has taken over market share from AMD’s 4P and 8P Opteron processors, as Intel said that it achieved “record server microprocessor revenue”.
The company will provide further financial details in a conference call scheduled for 5:30 PM EDT today.