Intel profit jumps 43 percent on strong mobile chip demand

0 Comments | AFP, October, 2007

SAN FRANCISCO (AFP) — Intel Corp., the world's biggest computer chip maker, said Tuesday strong demand for mobile technology pushed up its third-quarter net profit 43 percent from a year ago to 1.9 billion dollars.

The Santa Clara, California, tech giant barely beat Wall Street expectations with a per-share profit of 31 cents, a penny ahead of most forecasts.

Revenues for the July-September period climbed 15 percent to a record 10.1 billion dollars.

"A combination of great products, strong and growing worldwide demand, and operational efficiency from our ongoing restructuring efforts led to record third-quarter revenue and a 64-percent year-over-year gain in operating income," said Intel president and chief executive Paul Otellini.

"Looking forward,...