Saturday, January 16, 2010
Intel’s net profit jumped up by 875%
It looks like the last quarter of 2009 has been a great one, despite having to pay off to AMD, the company has reported a net income of $2.3 billion; up by a whooping 875% compared to the same period in 2008. Their fourth-quarter revenue grew by 65% to $10.6 billion. Although it has not been stated in the official report the reason for the company’s success, it is believed that the multiple desktop Core i5 and i7 quad-core chips, and its line of CULV processors have helped the company a lot.
"Intel's strong 2009 results reflect our investment in industry-leading manufacturing and product innovation. 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." -- Paul Otellini, Intel president and CEO.
GAAP Financial Comparison
Quarterly Results | |||
Q4 2009 | vs. Q3 2009 | vs. Q4 2008 | |
Revenue | $10.6 billion | Up 13% | Up 28% |
Operating Income | $2.5 billion | Down 3% | Up 62% |
Net Income | $2.3 billion | Up 23 | Up 875% |
Earnings Per Share | 40 cents | Up 7 cents | Up 36 cents |
For the full report, please visit http://www.intc.com/results.cfm.
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