SAN FRANCISCO, April 13 (Xinhua) -- Intel Corp. on Tuesday reported that its profit in the most recent quarter nearly quadrupled from a year ago, which are seen as reflections of growing computer market demands and recovery in information technology (IT) spending.

In the three months ended on March 27 this year, Intel posted net income of 2.44 billion U.S. dollars or 43 cents a share, compared with 629 million dollars or 11 cents a share in the same period the previous year.

Revenues also jumped 44 percent over the year-ago quarter to 10. 3 billion dollars, said the world's largest computer chip maker.

Numbers of profit and sales both beat Wall Street's estimates. According to Bloomberg, analysts had projected earnings of 38 cents a share on sales of 9.85 billion dollars.

"The investments we're making in leading edge technology are delivering the most compelling product line-up in our history," Paul Otellini, Intel's chief executive officer, said in a statement.

"These leadership products combined with growing worldwide demand and continued outstanding execution resulted in Intel's best first quarter ever," he added.

Looking forward, Intel expects sales in the current quarter to be in the range of 9.8 billion dollars to 10.6 billion dollars, above analysts' average estimate of 9.7 billion dollars.
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