14 DAY TRIAL // Intel has just reported another record breaking financial year, in 2011 the revenues of the Santa Clara chip maker reaching $54 billion (41.6 billion EUR), while operating income hit the $17.5 billion (13.5 billion EUR) mark with net income being reported at $12.9 billion (9.95 billion EUR).
When compared with 2010, Intel’s sales improved by more than $10 billion, this being the second consecutive year that the company has grown sales by more than 20 percent, according to EETimes.
In the fourth quarter of last year, Intel’s revenue has reached $13.9 billion, operating income $4.6 billion, while net income hit $3.4 billion.
Despite the impressive figures, the fourth quarter of last year was actually a little bit weaker than Q3 for Intel, as revenue dropped by approximately $320 million while profit was also $100 million lower.
The culprit is Intel’s Atom and Chipset division which finished Q4 2011 with 25% lower revenue than that achieved in Q3.
“2011 was an exceptional year for Intel,” said Paul Otellini, Intel’s president and Chief Executive Officer.
“With outstanding execution the company performed superbly, growing revenue by more than $10 billion and eclipsing all annual revenue and earnings records.
“With a tremendous product and technology pipeline for 2012, we’re excited about the global growth opportunities presented by Ultrabook systems, the data center, security and the introduction of Intel-powered smartphones and tablets,” concluded the company’s CEO.
Looking towards the future, Intel expects its Q1 2012 revenue to reach $12.8 billion, plus or minus $500 million, with gross margins being estimated at 63 percent.
In the first three months of this year, R&D spending is estimated at $4.4 billion, while by the end of this year Intel plans to invest an impressive $18.3 billion (plus or minus $200 million) in research and development.