Intel Earnings Report up 875%
Subject: Processors | January 15, 2010 - 12:37 PM | Jonathan Hung
Intel has made a mountain of money in the fourth quarter of last year. In their just released earnings report, the chipmaker has posted an astounding $2.3 billion net-income (up $2 billion year-over-year). You can read the whole report here.
While such figures will make most of our heads spin (and perhaps make some of you furious given the current economic climate), you can't argue that Intel's core product line has helped put them in this place.
These figures come after it's paid $1.25 billion paid to AMD, so needless to say that Intel's 2nd quarter will look even better.
This money couldn't have come soon enough with the FTC Anti-Competitive suit looming around the corner.
Calif., Jan. 14, 2010 – Intel Corporation today reported fourth-quarter
revenue of $10.6 billion. The company reported operating income of $2.5
billion, net income of $2.3 billion and EPS of 40 cents.
For 2009 Intel posted revenue of $35.1 billion. The company reported
full-year operating income of $5.7 billion, net income of $4.4 billion
and EPS of 77 cents. The company generated more than $11 billion in
cash from operations and paid cash dividends of $3.1 billion.
"Intel's strong 2009 results reflect our investment in
industry-leading manufacturing and product innovation," said Paul
Otellini, Intel president and CEO. "This strategy has enabled us to
generate unprecedented operating efficiencies while growing our
traditional businesses and creating exciting new market opportunities,
even in difficult economic times. Our ability to weather this business
cycle demonstrates that microprocessors are indispensable in our modern
world. Looking forward, we plan to deliver the benefits of computing to
an expanding set of products, markets and customers.