Intel has reported a revenue of $10.6bn for the fourth quarter 2009, an increase of 28% compared to $8.22bn for the same period last year. Revenue was up 13% sequentially.
The company has posted an operating income of $2.5bn, up 62% compared to $1.54bn for the same period last year. Net income for the quarter was $2.3bn, an increase of 875% compared to $234m for the same period a year ago.
PC client group revenue was up 10%, data centre group revenue was up 21%, other Intel architecture group was up 22%, Intel Atom microprocesser and chipset revenue was up 6%, all sequentially.
For 2009, the company posted a revenue of $35.1bn, down 7% compared to $37.6bn for the same period last year. Operating income for the year was $5.7bn, a decrease of 36% compared to $8.95bn for the same period last year.
Net income for full year 2009 was down 17% to $4.4bn from $5.3bn for the same period a year ago. The company generated more than $11bn in cash from operations and paid cash dividends of $3.1bn.
Paul Otellini, president and CEO of Intel, said: “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.”
Looking ahead, the company anticipates revenue of $9.7bn, plus or minus $400m, and a gross margin of 61%, plus or minus 2 percentage points for the first quarter of 2010. For full year 2010, the gross margin of the company is expected to be 61%, plus or minus 3 percentage points.
