Feeds

Intel profits surge towards heavens

An 875 per cent leap (with caveats)

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Intel has reported fourth-quarter revenue of $10.6bn, a 28 per cent rise from the same quarter last year. Operating income for the quarter was $2.5 billion and net income $2.3bn, topping Wall Street estimates.

That net income increase was a brawny 875 per cent improvement year-on-year, a $2bn rise. But as impressive as these figures may sound, the fourth quarter of 2008 was exceptionally execrable for Chipzilla, with profits in that quarter diving a full 90 per cent, not only because of the heinous condition of the world tech market at that time, but also due to Intel's $1bn write-off of its stake in the WiMax service provider Clearwire.

But still, $2.3bn isn't exactly chump change.

Referring to today's report (PDF), Intel CFO Stacy Smith said (PDF): "The fourth quarter was a strong ending to a year with a very difficult beginning."

Smith credited "a healthy holiday selling season" as one factor in the $10.6bn revenue figure, a 13 per cent growth that he characterized as "nearly twice the average seasonal sequential growth seen in the fourth quarter." He also noted that the 28 per cent revenue rise was "the largest percent increase in over 10 years."

Smith also projected that revenue for the current quarter will be $9.7bn, with plus-or-minus wiggle room of $400M. Although the center point of that projection would be 8 per cent below the just-finished quarter, Smith characterized that drop as "consistent with the average historical seasonal decrease."

In a canned statement, Intel CEO Paul Otellini said: "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."

Intel's shares jumped over 2.7 per cent after the announcement to $22.07 per share before settling back to $21.45 at close of markets. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.