A sparkling profit of $2 billion on turnover of $6.4 billion marked Intel?s first quarter. But president Andy Grove warned that meeting demand for its products will be the company?s major challenge this year.
Turnover for the first quarter was up 39 per cent compared to the same period last year but Intel warned its shareholders that gross margins in the second quarter are likely to be flat at 64 per cent.
Grove said that R&D expenditure will be around the $2.5 billion mark, capital investment $4.5 billion. Growth across the different geographies was similar. According to the report, Intel now employs 52,000 people worldwide, up from 48,500 at the end of last year.
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