Intel reports blowout fourth quarter with net income up 875%
Jan 15th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
On Thursday, Intel, the global chip giant, became the first major tech company to post Q4 2009 earnings, and reported that revenue rose 28% to $10.6 billion in the fourth quarter, and the company earned the largest gross profit margin in its history. Net income was $2.3 billion, or 40 cents a share, up 875% from the $234 million, or 4 cents a share, it earned in the last quarter of 2008.