Intel has reported its 4th quarter and annual results. For the full year sales were down 21.3% to $26.5 billion, with net income down 87.7% to $1.3 billion. 4th quarter revenues of $7 billion were better than expected
Intel has reported its Q4 and annual results. Although Q4 figures beat most analysts estimates, the only profitable division during the period was the Intel Architecture Group, which generated $5.8 billion of sales, and $1.8 billion of operating profit. The Intel Communications Group generated a $129 million loss on sales of $590 million, while the Wireless Communications and Computing Group lost $20 million on sales of $518 million.
The company admitted it was glad 2001 was over. 2001 was a terrible year for our industry, said Craig R. Barrett, president and chief executive officer. Despite this backdrop, we introduced exciting new products, including the industry’s first 2.0 GHz processor, gained market segment share, and earned over $1 billion. We also rapidly ramped our industry-leading 0.13-micron process technology and began production on 300mm wafers.
While 2001 was difficult for Intel, I can’t imagine changing places with any other company on the planet, Barrett said. Our 2001 R&D and manufacturing investments position us to grow faster than the industry when the high tech recovery occurs.