Intel earnings up 40% to US$1.31 billion

Sales of Pentium and Pentium Pro chips have pushed Intel's third-quarter earnings up 40% to US$1.31 billion on record revenue of US$5.14 billion.

Sales of Pentium and Pentium Pro chips have pushed Intel's third-quarter earnings up 40% to US$1.31 billion on record revenue of US$5.14 billion, the company says. Last year, earnings for the third quarter were US$931 million on revenue of US$4.17 billion.

"We are delighted with the excellent acceptance of Pentium and Pentium Pro processor-based PCs and servers, which has produced a stronger third quarter than we had originally expected," Intel boss Andrew Grove says in a statement.

Earnings for the first nine months of the year, which ended on September 28, were US$3.2 billion on revenue of US$14.4 billion. That compares to earnings for the same period a year ago of US$2.69 billion on revenue of US$11.62 billion.

While the company set new records during the latest quarter for unit shipments of microprocessors and chip sets, it saw slight drops for flash memory, embedded processors and microcontrollers from the second quarter, and "strong downward pricing pressure continued throughout the quarter," the company says.

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