PC Client Group and Data Center Group were the growth drivers for Intel in 2011
Chip maker Intel reported revenue of $54bn for the full year 2011, an increase of 24% compared to 2010 revenue of $43.6bn.
Its operating income for FY2011 was $17.5bn, an increase of 12% compared to 2010 figure of $15.6bn.
Net income of 2011 rose to $12.9bn, up from $11.5bn in 2010, which in an increase of 13%.
PC Client Group and Data Center Group were the growth drivers for Intel in 2011 full year period as both saw their revenues climb by 17% each.
For the fourth quarter of 2011, Intel posted an increase in revenue to $13.9bn, up from $11.5 billion, an increase of 21% from a year ago period.
The operating income for the fourth quarter increased by 20% to $4.6bn, up from $4bn in the same period a year ago.
While the net income rose to $3.4 billion, an increase of 6% from the year ago figures of $3.2bn.
PC Client Group was the largest growth driver for the fourth quarter with revenue of $9bn, an increase of 17% year-over-year.
Intel president and CEO Paul Otellini said 2011 was an exceptional year for Intel.
"With outstanding execution the company performed superbly, growing revenue by more than $10 billion and eclipsing all annual revenue and earnings records. With a tremendous product and technology pipeline for 2012, we’re excited about the global growth opportunities presented by Ultrabook systems, the data center, security and the introduction of Intel-powered smartphones and tablets," said Otellini.
Intel expects revenue to be of $12.8bn, plus or minus $500m in the first quarter of 2011. This decline, which would be slightly more than the average seasonal decline, is due to the expected continuation of shortage of hard disk drives in the first quarter.