Intel, the world’s biggest chipmaker, reported its strongest pick up in business in more than 20 years, giving a major lift to the PC industry and technology sector on Tuesday. The company reported second-quarter revenues of $8bn, up 12 per cent on the first quarter and well ahead of analyst expectations of $7.23bn. Its profit of 18 cents a share also blew past the Wall Street consensus of 8 cents. Intel shares rose 7 per cent in after-hours trading in New York.

This entry was posted by Paul Murphy on Wednesday, July 15th, 2009 at 3:16 and is filed under Capital markets. Tagged with Intel. Edit this entry.