Intel on Thursday released its quarterly and annual earnings report, and the company has achieved a record $11 billion profit for the year, beating analyst’s estimated. Intel recorded a full-year revenue of $53.3 billion with an operating income of $14.6 billion and a net income of $11.0 billion.
Intel generated nearly $18.9 billion in cash from operations and paid dividends of $4.4 billion to shareholders. The company also used $4.8 billion in a buyback effort for 191 million shares of stock.
Speaking of the company’s achievements, Intel president and CEO Paul Otellini noted:
“The fourth quarter played out largely as expected as we continued to execute through a challenging environment. 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.”
In the fourth quarter, Intel recorded $13.5 billion in revenue with an operating income of $3.2 billion and a net income of $2.5 billion. Intel also generated $6 billion in cash from operations and paid dividends of $1.1 billion. In Q4, Intel purchased 47 million shares at a total cost of $1 billion.
While Intel’s PC client group dropped three percent to $34.4 billion in revenue, its Data Center group was up six percent to $10.7 billion and its Intel architecture groups combined for $4.4 billion, a 13 percent decrease from 2011 numbers.
The year 2012 produced record profits for Intel but the tech firm expects only a “low single-digit percentage increase” in profit for 2013.
Do you think Intel can match their last year of performance as they head into an increasingly competitive market for 2013.