Intel earnings boost Kiwi dollar

Intel has reported second-quarter revenues of US$10.8 billion, up 34% year-over-year with net income at US$2.9 billion. On the back of the results the New Zealand dollar touched on 72 US cents for the first time in two months, reports Business Desk.

"Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history," said Paul Otellini, Intel President and CEO.

Q2 highlights included:

• PC Client Group revenue up 2%
• Data Center Group revenue up 13%
• Intel Atom microprocessor and chipset revenue up 16%

"Our process technology lead plus compelling architectural designs increasingly differentiate Intel-based products in the marketplace. The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future,” Otellini added.