Intel 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.

Intel Reports Record Revenue and Profit

$3.1 Billion Year-Over-Year Revenue Increase Fueled by Double-Digit PC Unit Growth and Data Center Strength

Buyback Authorization Increased by $10 Billion

Intel Corporation (Nasdaq:INTC) reported third-quarter results, setting new records for microprocessor units shipped, EPS, earnings and revenue, which was up 28 percent year-over-year.

INTC, Intel Corporation

** On its third quarter fiscal 2011, INTC posted Non-GAAP record revenue of $14.3 billion, an increase of 29 percent year-over-year and 9% sequentially.

INTC's board of directors also voted to increase the company's buyback authorization by $10.0 billion, raising the total unused balance to $14.2 billion at the end of the third quarter.

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