A spike in the number of microprocessor units shipped helped Intel record an increase in its third-quarter revenue and income, the company said Tuesday.
Intel reported third-quarter revenue of $10.1 billion, a 15 percent increase year-over-year, beating Thomson Financial analyst estimates of $9.617 billion. The company also recorded net income of $1.9 billion, a 43 percent increase year-over-year.
The company, which supplies the processors that power Apple’s desktops and laptops, recorded 31 cents in earnings per share, matching analyst estimates.
Intel shipped more than 2 million quad-core processors during the quarter, the company said.
A number of big announcements also came during the quarter, which ended September 29. At the Intel Developer Forum in September, the company announced it will ramp up performance and energy efficiency in its microprocessors by using a 32-nanometer process technology starting in 2009, with the Nehalem processors.
It also announced the next generation of vPro processor technology, a hardware and software combination to manage business desktop PCs, during the quarter.
The company also estimated revenue for the fourth quarter to be between $10.5 billion and $11.1 billion.
This story, "Record microprocessor shipments fuel Intel profit" was originally published by PCWorld.