Home / Channel / Intel report highest ever $11.7 billion net profit

Intel report highest ever $11.7 billion net profit

Intel, the processor giant has posted their best earnings ever in 2010 with a net profit of $11.7 billion for the year on revenue of $43.6 billion, a 167 percent increase from the profit posted in 2009.

“2010 was the best year in Intel's history,” Intel's chief executive Paul Otellini said in comments released with the earnings report. “We believe that 2011 will be even better.”

Their net profit for the final quarter was $3.4 billion, a 48 percent increase from the same quarter the year previous. The stock price increases more than 2 percent to $21.75 a share, shortly after this announcement of the earnings results.

Intel's business has been helped by emerging markets such as China and the cloud sector which has been adding more horsepower to servers to cope with the increasing demand.

Paul Otellini

Otellini added “The stand-out was the data center group, Intel is positioned to benefit from the growth of the data center and cloud computing.”

Intel announced that they were going to spend almost $14 billion this year on research, developing products and more aquisitions and mergers. This follows on from our report earlier this week that they are going to pay nVidia $1.5 billion over the next five years to settle patent disputes and to ensure a sharing of information.

Otellini also said that Intels ATOM processors would be seen in upcoming tablets and smartphones which are due to hit the market soon – a stronghold for ARM processor technology.

KitGuru says: With the release of Sandybridge processor technology their profits in 2011 are surely going to improve even further.

Become a Patron!

Check Also

New Intel Nova Lake-AX platform could rival AMD Strix Halo

The battle in the high-performance APU segment could soon get a new contender, as the …

2 comments

  1. Very nice indeed. AMD need to step up their game to compete in 2011/12.

  2. Well as far as I know their profits seem to be higher than even Apple. which is incredible.

We've noticed that you are using an ad blocker.

Thank you for visiting KitGuru. Our news and reviews teams work hard to bring you the latest stories and finest, in-depth analysis.

We want to be as informative as possible – and to help our readers make the best buying decisions. The mechanism we use to run our business and pay some of the best journalists in the world, is advertising.

If you want to support KitGuru, then please add www.kitguru.net to your ad blocking whitelist or disable your adblocking software. It really makes a difference and allows us to continue creating the kind of content you really want to read.

It is important you know that we don’t run pop ups, pop unders, audio ads, code tracking ads or anything else that would interfere with the KitGuru experience. Adblockers can actually block some of our free content, such as galleries!