14 DAY TRIAL // Since the first quarter of 2012 is over and done with, IT companies, like all other corporations, are publishing their financial results for the January-March period.
For the past few quarters, Intel has somehow managed to score record revenues, or record profits, or record something.
Now, though, the company can't really make a similar boast, although that doesn't mean that its finances suffered that badly.
Even though revenue dropped across all business divisions, the Santa Clara, California-based company still made $2.7 billion net income.
That's 2.06 billion Euro, according to exchange rates, which is still a massive number.
That means that profit fell 19% compared to the previous quarter (Q4, 2011), but finances are still robust, despite the mild sadness of investors.
Oh, who are we kidding? There is no way Intel is suddenly going to collapse in on itself. Q1 can't even be considered a bump in the road.
"The first quarter was a solid start to what's expected to be another growth year for Intel," said Paul Otellini, Intel president and CEO.
"In the second quarter we'll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond."
Intel is getting ready to unleash the first Ivy Bridge central processing units, built on the 22nm manufacturing process technology. The event will take place in under a week in fact, or so rumors have it.
Afterwards, the IT giant will move on to the task of preparing the world for the coming of the mobile versions of the CPU. According to Lenovo, the first Ivy Bridge notebooks may appear on June 5. That's neither here nor there though.
Go here to see all the relevant financial numbers (revenue, gross margin, etc.).