Intel just released its fiscal year-end numbers, including its Q4 report, and things are indeed looking up for the company. After
revising its final quarter estimate late last December on the heels of supply chain reductions, the chipmaker posted $13.9 billion in revenues on the strength of its PC client and data center group, beating its prior goal of $13.7 billion, but still falling well under its initial $14.7 billion target. As for its full year performance, well it appears this is one for the books, considering revenues grew to $54 billion -- a $10 billion plus year over year boost -- with profits coming in at $12.9 billion, leading 2011's statement to "[eclipse] all annual revenue and earnings records." And with Ultrabooks lingering just on the horizon, the company expects business to continue to boom well into 2012. Need a more detailed look at Intel's bottom line? Then click on past the break for the official PR.
Continue reading Intel reports record 2011 earnings, bests Q4 estimates
Intel reports record 2011 earnings, bests Q4 estimates originally appeared on Engadget on Thu, 19 Jan 2012 16:28:00 EDT. Please see our terms for use of feeds.
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CommentsSource: http://www.engadget.com/2012/01/19/intel-reports-record-2011-earnings-bests-q4-estimates/
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