Intel, the undisputed leader in the microprocessor market, posted a few days ago that their net income saw a 48% increase over the same period last year on strong server demand. The report also showed that Intel’s revenue had an increase as well.
What is most likely the world’s largest chipmaker has reported profit in the fourth quarter of $3.39 billion which equals $.59 per share. This is a 48% increase over this same time last year where Intel only reported a profit of $2.28 billion which equals $0.40 per share.
Revenue for the fourth quarter, which saw its end on December 25, 2010, was up 8% to $11.46 billion from the previously totaled $10.75 billion. A revenue of $11.38 billion was expected from analysts. A key profit indicator, gross margin, was 65.7%, which was slightly above the expectations of Intel.
According to Chief Financial Officer Stacy Smith, “Demand strength in the enterprise market segment, specifically the server market segment, led to record microprocessor revenue.” In addition to that, Data Center Group Revenue was up 15% in the fourth quarter as well.
The three-month period finished off what proved to be a very strong year for Intel overall. According to Intel, 2010 was the company’s best year in history. And, according to Intel CEO Paul Otellini, “We believe that 2011 will be even better.”
Intel is expecting revenues of $11.5 billion for the first quarter of 2011, give or take around $400 million. Gross margin percentage is also expected to drop to 64%, plus or minus a few percentage points.
However, reports coming in from market researchers IDC and Gartner Wednesday do point to some trends in the PC market that could prove worrisome. Growth missed expectations of both firms and IDC stated that increasing competition from tablets, like Apple’s iPad, is denting growth.
Full results for Intel in 2010 had a total revenue of $43.6 billion (up $8.5 billion for a 24% increase year-over-year), gross margin of 66% (up 10 percentage points), net income of $11.7 billion (up $7.3 billion for a 167% increase) and EPS of $2.05 (up $1.28 for a 166% increase).
Source: CNET
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