Net profit dropped to 915 million dollars or 14 cents a share in the three months to March 29 from the year-earlier profit of 936 million dollars or 14 cents a share.

Sales declined 0.4 percent to 6.75 billion dollars.

"Continuing uncertainty in global economic conditions makes it particularly difficult to predict product demand and other related matters," the group said in a statement.

Revenue in the second quarter was expected to be between 6.4 billion dollars and 7.0 billion dollars.

"Our financial performance for the quarter was solid with our computing-related business performing better than expected and our flash business coming in below expectations," said chief executive Craig Barrett.

SPACE.WIRE