Intel chief says revenue to grow double digits

SANTA CLARA (California): Intel Corp CEO Paul Otellini said the company’s revenue and net income per share should see a percentage increase in the low double digits over the next few years because of rising demand for its chips in PCs and other devices.

On both measures, Intel’s numbers have declined over the past two years as business spending on PCs and computer servers collapsed amid the recession. However, strong buying by bargain-hunting consumers has helped lift Intel’s fortunes in recent quarters, and sales of server chips — some of Intel’s most profitable products — have improved.