Intel's net profit in the second fiscal quarter reached a new high, an increase of 10% year-on-year

Intel's second-quarter net profit reached a new high, an increase of 10% year-on-year. Intel today released its second quarter financial report for fiscal year 2011. In the second fiscal quarter, Intel’s quarterly camp…

In the second fiscal quarter, Intel's revenue was US$13.1 billion, a year-on-year increase of 22%; operating profit was US$4.2 billion, a year-on-year increase of 6%; net profit was US$3.2 billion, a year-on-year increase of 10%; earnings per share was 59 cents, a year-on-year increase of 16%.

In the second fiscal quarter, Intel's operating cash flow was approximately US$4 billion, it paid US$961 million in cash dividends, and used US$2 billion in cash to repurchase 93 million shares of common stock.

Intel President and CEO Paul Otellini said: "Intel reached a new milestone in the second fiscal quarter, with quarterly revenue exceeding $13 billion for the first time. Strong enterprise demand, the rise of mobile devices and the surge in Internet traffic have driven the development of the data center business, while the rapid rise of emerging markets has enabled quarterly performance to hit a new high. In the first half of this fiscal year, Intel's revenue increased by 23%; we are confident that full-year revenue will grow by about 25%."