Intel Corporation (NASDAQ:INTC)
Intel Corporation is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices.
INTC reported its fifth consecutive quarter of record revenue, with double-digit revenue growth across all business segments.
On a Non-GAAP basis, revenue was $13.1 billion, operating income was $4.2 billion, net income was $3.2 billion, and EPS was 59 cents. On a GAAP basis, the company reported second-quarter revenue of $13.0 billion, operating income of $3.9 billion, net income of $3.0 billion, and EPS of 54 cents.
The company generated approximately $4.0 billion in cash from operations, paid cash dividends of $961 million, and used $2.0 billion to repurchase 93 million shares of common stock.
“We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time”. “Strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fueling data center growth, and the rapid rise of computing in emerging markets drove record results. Intel’s 23 percent revenue growth in the first half and our increasing confidence in the second half of 2011 position us to grow annual revenue in the mid-20 percent range,” stated said Paul Otellini, Intel president and CEO.
For more information about Intel Corporation please visit http://www.intel.com
Qualcomm Incorporated (NASDAQ:QCOM)
Qualcomm Incorporated is a world leader in 3G and next-generation mobile technologies. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of wireless communications, connecting people more closely to information, entertainment and each other. Today, Qualcomm technologies are powering the convergence of mobile communications and consumer electronics, making wireless devices and services more personal, affordable and accessible to people everywhere.
QCOM announced results for the third quarter of fiscal 2011 ended June 26, 2011.
Third Quarter Results (GAAP)
Revenues: (1) $3.62 billion, up 34 percent year-over-year (y-o-y) and down 6 percent sequentially.
Operating income: (1) $1.11 billion, up 25 percent y-o-y and down 22 percent sequentially.
Net income: (2) $1.04 billion, up 35 percent y-o-y and 4 percent sequentially.
Diluted earnings per share: (2) $0.61, up 30 percent y-o-y and 3 percent sequentially.
Effective tax rate: (1) 23 percent for the quarter.
Operating cash flow: $1.26 billion, up 33 percent y-o-y; 35 percent of revenues.
Return of capital to stockholders: $360 million, or $0.215 per share, of cash dividends paid.
"Qualcomm delivered strong year-over-year results again this quarter as our business performed well across all key guidance metrics. In addition, we successfully completed the acquisition of Atheros, positioning us to further expand our opportunities going forward," stated Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.
For more information about Qualcomm Incorporated please visit http://www.qualcomm.com/
eBay Inc. (NASDAQ:EBAY)
eBay Inc. is about connecting buyers and sellers. They do so through eBay, the world's largest online marketplace, which allows users to buy and sell in nearly every country on earth; through PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments; and through GSI, which facilitates ecommerce, multichannel retailing and digital marketing for global enterprises.
EBAY reported that revenue for the second quarter ended June 30, 2011, increased 25% to $2.8 billion, compared to the same period of 2010. The company recorded second quarter net income on a GAAP basis of $283.4 million, or $0.22 per diluted share, and non-GAAP net income of $630.9 million, or $0.48 per diluted share. In the second quarter GAAP net income decreased year over year compared to the second quarter of 2010 due to charges related to the GSI Commerce (GSI) transaction. The year-over-year increase in second quarter non-GAAP earnings per diluted share was driven by solid top-line growth and productivity.
The company's Marketplaces business also delivered strong second quarter performance. Gross merchandise volume excluding vehicles (GMV), increased by 17% year over year to $14.7 billion
"Second quarter revenue and earnings were strong, with PayPal surpassing 100 million active registered accounts and reporting its first billion-dollar revenue quarter, and eBay growth in the U.S. accelerating," stated eBay Inc. President and CEO John Donahoe.
For more information about eBay Inc. please visit http://www.ebayinc.com
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