Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our ‘paranoid' roots [Fortune]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Fortune
Recommended Video On Thursday, as Intel crushed Wall Street financial targets, the company had a new message: There's nothing wrong with being a 58-year-old maker of PC and server microprocessors. “We are embracing our roots as data driven, paranoid, and engineering driven,” CEO Lip Bu Tan said at the start of the company's Q1 earnings conference call, referencing the famous “only the paranoid survive” philosophy of Andy Grove, the late cofounder of Intel. Shares of Intel surged more than 22% in after hours trading Thursday after the company reported first-quarter results. Instead of the 2% decrease in revenue that analysts were expecting for the first three months of the year, Intel grew revenue 7% year-over-year to $13.6 billion. Revenue in the current quarter will range between $13.8 billion and $14.8 billion, Intel said, well above the $13.06 billion analysts have been expecting. Demand for Intel's central processing units (CPU) chips, which are based on its longstanding
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