Intel Posts Record Income, Revenue Figures

“2010 was the best year in Intel’s history. We believe that 2011 will be even better,” said Intel CEO Paul Otellini, in a statement.

Intel's reported revenue for the fourth quarter of 2010 at $11.46 billion, up 8 percent from $10.57 billion recorded in the year-before quarter. Intel's quarterly net income was $3.39 billion, up from $2.28 billion in the same quarter of 2009.

For 2010, Intel said total revenue was $43.6 billion, up $8.5 billion or 24 percent, year-over-year. Profit for 2010 was $11.7 billion, up 167 percent year-over-year, according to Intel.

Intel CFO Stacy Smith pointed to enterprise demand for new chips as an engine of growth for the company in the fourth quarter.

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"The strength in enterprise demand with the launch of our Sandy Bridge product line led to gross margin of 67.5 percent and record operating income of $4.3 billion," he said in statement.

The company said strong sales are expected to continue through the first quarter, with revenue forecasted at $11.1 billion to $11.9 billion, well above analysts' expectations.

Last week at CES 2011, during the launch of Intel's Sandy Bridge processors Otellini said the multicore integrated CPU-GPU platform is the best product Intel has offered to date.