Intel Corporation said its third-quarter revenue reached a record $10.2 billion, an increase of eight per cent over the previous quarter.

Intel said the revenue was driven by record sales of microprocessor and chipset units. Revenue from Intel Atom microprocessors and chipsets into the new netbook and nettop segments was approximately $200 million.

"Intel delivered the best third-quarter revenue in its history," said Paul Otellini, Intel president and CEO.

The company's net income of $2 billion for the quarter reflects a 26 per cent increase from the previous quarter. Earnings per share (EPS) rose 25 per cent to 35 cents.

"We were solidly profitable, with operating income of over $3 billion, reflecting strong across-the-board execution and best-of-class products," said Otellini.

"As we look to Q4, it is hard to know what impact the financial crisis will have on end customer demand. We are confident that our product portfolio, strong cash flow, commitment to deploying new technology and market momentum will allow us to outpace peer companies at a time when business levels are difficult to predict." - TradeArabia News Service