Intel Q4 Numbers, Net Income Up 875 Percent
Things are looking considerably brighter considering the results posted in Q4 2008.
Despite a few minor antitrust-related hiccups along the way, Intel did well last quarter. Really well. The chip giant this week released its fourth quarter results for 2009, announcing an 875 percent jump in net revenue from the same period last year.
Intel posted revenue of $10.6 billion, up $2.3 billion and 28 percent year-over-year. Operating income was $1.5 billion, up $958 million and 62 percent year-over-year. All this amounted to a net income of $2.3 billion, an 875 percent or $2 billion increase year-over-year.
That $2.3 billion from Q4 actually accounted for a large chunk of Intel's overall net income for 2009. The company posted a 2009 net income of $4.4 billion.
Read the full report here.