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Intel annual results beat estimates with $11 billion profit
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Jan 17, 2013, 04:36 PM
 
Intel 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.
( Last edited by NewsPoster; Jan 18, 2013 at 02:52 AM. )
     
   
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