Intel Q4 Revenue at Record Level
Jan 15, 2004
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Intel Corporation (Santa Clara, CA, U.S.), one of the world’s largest chip producers, reported in its fourth-quarter revenue earnings are U.S. $8.74 billion, up 12 percent sequentially and up 22 percent year-over-year.

Fourth-quarter revenue was slightly higher than the previous record of $8.73 billion set in the third quarter of 2000.

Fourth-quarter net income was $2.2 billion, up 31 percent sequentially and up 107 percent year-over-year. Earnings per share were $0.33, up 32 percent sequentially and up 106 percent from $0.16 in the fourth quarter of 2002.

"We ended the year on a high note as ongoing strength in emerging markets coupled with improving demand in established markets drove revenue to record levels," Intel CEO Craig R. Barrett said in a written statement. "Intel's substantial investments in capital and R&D over the past few years allowed us to ship record microprocessor units in 2003 and introduce exciting new products such as Intel(R) Centrino(TM) mobile technology.

"In 2004, our focus will be to drive double-digit growth through technology leadership and global market expansion," he added, "and by pursuing adjacent opportunities in communications and the digital home, while using our 90-nanometer and 300-mm factories to reduce costs and improve profitability."

The fourth-quarter 2003 results included the impact of a $611-million goodwill write-down related to the Wireless Communications and Computing Group (WCCG).

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