Intel Records Record Quarter and Record Year
Intel’s most recent quarterly earnings report has revealed that Q42010 was a record breaker.
Intel yesterday reported on its fourth quarter earnings, detailing that net income was $3.4 billion (up $433 million) on revenues of $11.5 billion (up $355 million). This represents a record quarter for Intel with increases of 15 per cent and 3 per cent, respectively, over Q3 2010's numbers. The company also reported Q4 operating income of $4.3 billion, up $211 million, 5 percent sequentially; and earnings per share (EPS) of 59 cents, an increase of 13 percent.
Comparing Q4 2010 to the same period in 2009, Intel's revenue of $11.5 billion represents an 8 percent jump over 2009, while it’s operating income ($4.3 billion) and net income ($3.4 billion) represent jumps of 74 and 48 percent, respectively, over Q4 2009. Earnings per share also saw a 48 percent increase over Q4 2009.
The year 2010 was also a record for Intel. The company boasted revenues of $43.6 billion, up 24 percent from 2009, and operating and net income were $15.9 billion and $11.7 billion, up 179 and 167 percent compared to 2009. EPS was $2.05, up 166 percent from 2009.
With this smashing year under his belt, CEO Paul Otellini is convinced the company will break more records this year.
"2010 was the best year in Intel's history. We believe that 2011 will be even better," he said in a statement.