Intel net income drops 29% in second quarter

SÃO PAULO-Intel ended the second quarter with net profit of $ 2 billion, which represents a decline of 29% compared to same period in 2012. The net profit per share was $ 0.39. Net revenues declined 5% in the three months ended in June, to $ 12,81 billion.
Sales of processors for personal computers (PCs) had a 7.5% drop in revenue, to $ 8.1 billion. Revenues from products for data centers remained stable compared to last year, totaling $ 2.7 billion. Revenues from software architecture offers fell 15% to $ 942 million. Gross margin took a drop of 5 percentage points, to 58%.
The company was the result of the worsening in the PC market, which has led to a drop in sales of processors for desktops and notebooks. The company also recorded in a 8% increase in selling expenses to $ 5.34 billion, due to the market entry of new product lines.
Intel provided an increase of $ 200 million in research and development spending and payroll expenses, to $ 4.7 billion. The amount was 37% higher than that recorded in the first quarter of the year.
The company also recorded a charge of $ 70 million with amortization of intangible assets resulting from acquisitions.