Intel's profits jump 875% - PC Retail

Intel's profits jump 875%

Chip giant reports staggering growth for Q4 2009
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Intel achieved net income of $2.3 billion during Q4 2009 – representing a massive 875 per cent year-on-year rise.

Even taking into account the exceptionally poor Q4 2008 – which these figures are compared with – the numbers are still hugely impressive, especially when considering they include the recent litigation payout with rival AMD.

The nature of Intel's business means that to some extent these figures can be seen as a positive sign for the whole technology market. The firm sells chips that power much of the consumer electronic and PC industries – such a significant boost in sales reveals high demand further down the chain, from vendors to distributors to end-users.

Intel's president and CEO Paul Otellini was suitably pleased with the results, describing the company as 'indispensable' to the modern world.

"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."

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