Feeds

Intel's 2010 income up 167% from 2009

Otellini vows 'even better' 2011

Providing a secure and efficient Helpdesk

Intel's financial performance in the fourth quarter of 2010 exceeded analysts' expectations, spiking Chipzilla's stock's value by around 3 per cent in after-hours trading.

"2010 was the best year in Intel's history. We believe that 2011 will be even better," said president and CEO Paul Otellini in a statement accompanying the results.

In the quarter, net income was $3.4bn on revenues of $11.5bn, an increase over the previous quarter's performance of 15 per cent and 3 per cent, respectively.

For the entire year, net income was $11.7bn on revenues of $43.6bn. Compared with 2009's Meltdown-reduced take, those figures represent improvements of 167 per cent and 24 per cent, respectively. Investors will be pleased to note that the company's earnings per share was $2.05 for 2010, a 166 per cent jump from jumpy 2009.

Compared with 2009, 2010's revenue from the company's PC Client Group was up 21 percent, and revenue from the Data Center Group was up 35 percent. Atom and chipset revenue hit $1.6 billion, up 8 percent.

But the news is not unreservedly positive. When compared to the third quarter of 2010, revenue from each of those three segments was essentially flat.

Speaking of flat, Intel projects that its revenue for the first quarter of this fiscal year will match that of the fourth quarter of 2010: $11.5bn – although it does give itself a margin of error of plus or minus $400m.

But when compared to the numbers that Intel was posting at this same time two years ago, when the bottom had dropped out of the financial bucket, things look mighty fine. For the fourth quarter of 2008, Intel posted a net income of $234m on revenues of $8.2bn.

We'll do the math for you: today's numbers show a 1,352 per cent growth in income on a 40 per cent growth in revenue when compared to dark, dank, dollar-dinky days of late '08. ®

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
DVLA website GOES TITSUP on day paper car tax discs retire
Welcome to GOV.UK - digital by de ... FAULT
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.