Sale push: Intel Q1 net up 29%

Intel Corp posted a 25% jump in first-quarter revenue to $12.8 billion, beating estimates even as the PC chip heavyweight struggles to find its footing with smartphones and tablets.

Intel Corp posted a 25% jump in first-quarter revenue to $12.8 billion, beating estimates even as the PC chip heavyweight struggles to find its footing with smartphones and tablets. Intel's first-quarter net income was $3.2 billion, up 29% over the year-ago period. Earnings per share were 56 cents.

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"The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies," said Paul Otellini, president and CEO, Intel.