For 2009 Intel posted revenue of $35.1 billion. The company reported full-year operating income of $5.7 billion, net income of $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, in the press release. “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.”
Eric Savitz reports for Barron’s, “Revenue was $10.6 billion, up 28% from a year ago, and well ahead of the Street at $10.17 billion. GAAP EPS of 40 cents was up from 4 cents a year ago, and a dime ahead of the Street. Non-GAAP EPS of 55 cents was up from 15 cents a year ago. Gross margin was 64.7%, up 11.6 points from a year ago, and up 7 points sequentially.”
Savitz reports, “In remarks prepared for the company’s conference call this afternoon, Intel CFO Stacy Smith indicates that the company has ‘seen a return of consumer demand and replenishment to normal inventory levels after the precipitous demand drop at the end of 2008 and the beginning of 2009.'”
Full article here.
MacDailyNews Take: Congrats, Intel!
(Yes, we still involuntarily cringe – just a little bit – when congratulating Intel. Old habits die hard.)