Intel annual results beat estimates with $11 billion profit

Intel logoIntel has reported its quarterly and annual earnings, posting decreases year-over-year in most aspects, but still beating analyst's estimates in some areas. The company states full-year revenue of $53.3 billion, operating income of $14.6 billion, with a net income of $11.0 billion. Intel generated approximately $18.9 billion in cash from operations, paid dividends of $4.4 billion to shareholders, and used $4.8 billion to repurchase 191 million shares of stock.

"The fourth quarter played out largely as expected as we continued to execute through a challenging environment," said Paul Otellini, Intel president and CEO. "We made tremendous progress across the business in 2012 as we entered the market for smartphones and tablets, worked with our partners to reinvent the PC, and drove continued innovation and growth in the data center."

For the fourth quarter, Intel posted revenue of $13.5 billion, operating income of $3.2 billion, and a net income of $2.5 billion. The company generated approximately $6 billion in cash from operations, paid dividends of $1.1 billion and used $1.0 billion to repurchase 47 million shares of stock.

Intel's PC client group reported revenue of $34.3 billion, a drop of three percent from 2011. The Data Center Group earned $10.7 billion, up six percent from the previous year, and other Intel architecture groups earned a combined total of $4.4 billion, down 13 percent from 2011.

For 2013, Intel expects a "low single-digit percentage increase" with a 60 percent margin. The company expects to spend $18.9 billion on research and development. Taxes are expected to sap approximately 25 percent of its earnings in 2013.

Key factors listed as potentially affecting 2013 results are existing inventory depreciation with the release of the Haswell chip architecture, as well as current chief executive officer Paul Otellini planning to retire in May.

Source: Electronista

Tags: CPUs, Intel

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
The retailer will allow results to appear in the Shopping section of Google’s search engine
 
Company to focus entirely on this year’s iPhone X
 
The company reportedly sniffed around AMD and Nvidia as potential GPU suppliers
 
Android 8.1 Oreo coupled with the latest version of Samsung Experience is set to ship straight out of the box
 
iPhone users in the US will be able to automatically share their location with first responders
 
Former CEO Eric Migicovsky points Pebble owners towards a website called Rebble
 
Text, images, and stickers all work in the web version of Android Messages
 
The company begins new experiments in latest preview build
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)