Intel reports profits of US$2.3 billion for Q4

15 Jan 2010

Chip-manufacturing giant Intel, which employs 4,000 people in Ireland, last night reported fourth-quarter revenues of US$10.6 billion. CEO Paul Otellini said that demand for its products prove that microprocessors are indispensible in the modern world.

The company reported operating income of US$2.5 billion, net income of US$2.3 billion and earnings per share (EPS) of 40 cents.

For 2009, Intel posted revenue of $35.1 billion. The company reported full-year operating income of US$5.7 billion, net income of US$4.4 billion and EPS of 77 cents.

The company generated more than $11 billion in cash from operations and paid cash dividends of $3.1 billion.

“Intel’s strong 2009 results reflect our investment in industry-leading manufacturing and product innovation,” said Paul Otellini, Intel president and CEO.

“This strategy has enabled us to generate unprecedented operating efficiencies while growing our traditional businesses and creating exciting new market opportunities, even in difficult economic times.

“Our ability to weather this business cycle demonstrates that microprocessors are indispensable in our modern world. Looking forward, we plan to deliver the benefits of computing to an expanding set of products, markets and customers,” Otellini said.

By John Kennedy

Photo: Intel President and CEO Paul Otellini during his keynote speech at the recent Consumer Electronics Show in Las Vegas

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years