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Friday, January 18, 2013

Intel results show a profit drop

Technology business Intel has announced its fourth quarter and full-year financial figures for 2012. Revenue for the year was $53.3 billion (around £33.5 billion; down 1.2% from the previous year) and net income was $11.0 billion (down 15% year-on-year). Quarterly revenue was down 3% on Q4 2011, while net income was down 27% on the same period.

Paul Otellini, Intel’s president and CEO, said “The fourth quarter played out largely as expected as we continued to execute through a challenging environment. 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. As we enter 2013, our strong product pipeline has us well positioned to bring a new wave of Intel innovations across the spectrum of computing.”

This year the company expects revenue to increase slightly.

[Report (pdf)]

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