The Rising Influence of Rising Affluence

[DewDiligence]

INTC 2Q10 Quarter-over-Quarter, Year-over-Year Results

 
                    2Q10   QoQ Change    YoY Change* 

Revenue 10.8B +466M ( +5%) +2.7B ( +34%)
Operating income 4.0B +533M (+15%) +2.5B (+177%)
Net income 2.9B +445M (+18%) +1.8B (+175%)
EPS 0.51 +0.08 (+19%) +0.33 (+183%)

*Excluding $1.45B EU fine charged in 2Q09.Note the operating leverage, i.e. the numbers get better as one scans the table from top to bottom.

Source: INTC’s 2Q10 pres release (http://finance.yahoo.com/news/Intel-Reports-Best-Quarter-bw-2703283675.html?x=0&.v=1 ); table reformatted to illustrate my point about operating leverage.