Intel Scores Fifth Quarter of Record Revenue

Intel on Wednesday said revenue hit a new high for the fifth straight fiscal quarter due to demand for business gear, mobile gadgets, and data center equipment.

The world's leading computer chip maker reported net income of $3 billion on gross revenue of $13.1 billion in the recently ended fiscal quarter.

"We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time," Intel chief executive Paul Otellini said in a release.

"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," he continued.

Otellini said the California-based company's performance has executives confident that the company's revenue growth for the year will somewhere near 25 percent.