Intel CEO says revenue, EPS to grow double digits

May 11, 2010

(AP) -- Intel CEO Paul Otellini said Tuesday that the company's revenue and net income per share should see a percentage increase in the low double digits over the next few years because of rising demand for its chips in personal computers and other gadgets.

On both measures, Corp.'s numbers have declined over the past two years as business spending on PCs and computer servers collapsed amid the . However, strong buying by bargain-hunting consumers has helped lift Intel's fortunes in recent quarters, and sales of server chips - some of Intel's most profitable products - have improved.

Otellini told investors and financial analysts at a conference at Intel's headquarters that the forecast proves that PCs are "still a growth industry."

It's difficult to say, however, how the new guidance compares with analysts' expectations.

Otellini's forecast was based on a "compound annual growth rate," a measure that includes multiple years of results. He did not specify the years.

Analysts polled by Thomson Reuters expected Intel's recovery from the downturn to show a 23 percent increase in revenue and a more than doubling of earnings per share in 2010 over the year before. For 2011, the analysts expected less-dramatic growth of a 5 percent increase in both revenue and earnings per share, compared with their 2010 forecasts.

Explore further: Dish restores Turner channels to lineup

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Intel says PC sales improving; profit beats Street

Apr 14, 2009

(AP) -- Intel Corp.'s first-quarter profit blew past Wall Street's grim forecasts as the chip maker's CEO proclaimed Tuesday that personal computer sales "bottomed out" and have started recovering.

Intel outlook points to PC industry recovery

Jan 14, 2010

(AP) -- Intel's fourth-quarter earnings breezed past Wall Street's expectations, and its rosy profit outlook for 2010 was another sign that a lasting recovery for the recession-battered personal computer market ...

Intel stokes hopes for PC recovery

Oct 13, 2009

(AP) -- Intel Corp. has been asserting for months that the personal computer business is rebounding from its deepest slump in nearly a decade. Its stock jumped late Tuesday on signs things are picking up ...

Intel raises sales forecast; shares jump 4 percent

Aug 28, 2009

(AP) -- Intel Corp. raised its third-quarter revenue forecast above Wall Street's expectations Friday, citing strong demand for its chips and giving another signal that business is improving for one of the ...

Recommended for you

Dish restores Turner channels to lineup

2 hours ago

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.