Intel earnings zoom up 48 percent

From CNET News.com: Microprocessor heavyweight Intel today posted a 48 percent jump in net income over the same period last year on strong server demand, while revenue was up slightly.

The world's largest chipmaker reported fourth-quarter profit of $3.39 billion, or 59 cents a share, a 48 percent increase over the same period last year when it reported a profit of $2.28 billion, or 40 cents a share.

Revenue for the quarter, which ended December 25, was up 8 percent to $11.46 billion, from $10.57 billion. Analysts had expected revenue of $11.38 billion.

Gross margin, a key profit indicator, was 67.5 percent, slightly above the company's expectation.

"Demand strength in the enterprise market segment, specifically the server market segment, led to record microprocessor revenue," said chief financial officer Stacy Smith, in a statement. In the fourth quarter, Data Center Group revenue was up 15 percent sequentially.

View: Article @ Source Site