Will Intel ride out the storm?
Although the PC giant's annual net income was $11 billion, the company faces serious concerns
Intel has reported a full-year revenue of $53.3 billion, operating income of $14.6 billion, net income of $11 billion and an EPS of $2.13.
The company generated about $18.9 billion in cash from operations, paid dividends of $4.4 billion, and used $4.8 billion to repurchase 191 million shares of stock.
For the fourth quarter, Intel posted revenue of $13.5 billion, operating income of $3.2 billion, net income of $2.5 billion and an EPS of 48 cents.
The company generated approximately $6 billion in cash from operations, paid dividends of $1.1 billion and used $1 billion to repurchase 47 million shares of stock.
"The fourth quarter played out largely as expected as we continued to execute through a challenging environment," said Paul Otellini, Intel president and CEO.
"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. As we enter 2013, our strong product pipeline has us well positioned to bring a new wave of Intel innovations across the spectrum of computing."
Business Outlook
Intel's business outlook will be effective through the close of business March 15th unless earlier updated; except that the business outlook for amortisation of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on January 24th.
