Chip maker Intel Corp has reported a 29 per cent rise in net income to $3.16 billion in the first quarter of 2011 on higher sales across its product line coupled with robust growth across all geographies.
In the year-ago period, it had a net income of $2.44 billion, Intel said in a statement. Its total revenue rose by 25 per cent from year-ago period to $12.8 billion in the quarter ended April 2, 2011.