And The Q1 Earnings Are In…
As an employee and shareholder, it always pleases me when we successfully navigate our analyst call and the stock actually goes up (that’s rare). Today beat everyone’s expectations. Here’s the snapshot:
First-Quarter Results
- Revenue $10.3 Billion
- Gross Margin 63%
- Operating Income $3.4 Billion
- Net Income $2.4 Billion
- EPS 43 Cents
That took the Street’s breath away and pushed our stock into territory we haven’t seen in a while. Granted, that’s not saying a ton if you’ve been tracking our stock the last couple of years, but any north bound growth is a big deal during these financial times. What I’m most pleased about is the fact that our CEO, Paul Otellini, paints an optimistic picture for our near term outlook as well:
“The investments we’re making in leading edge technology are delivering the most compelling product line-up in our history, said Paul Otellini, Intel president and CEO. These leadership products combined with growing worldwide demand and continued outstanding execution resulted in Intel’s best first quarter ever. Looking forward, we’re optimistic about our business as Intel products are designed into a variety of new and exciting segments.”
Here’s to Sponsoring Tomorrow…