Back in December, Intel lowered its revenue forecast. They anticipated a drop after the flooding in Thailand that caused hard drive shortages. Today the numbers are available and Intel beat out their lowered estimates. Intel reported that 13.9 billion Dollars in revenue for the quarter, its estimated is around $13.7 billion, 21 percent rise from the last year's results. The good news is still somewhat underwhelming since the figure dropped 2% compared to third quarter figures of this year. Much owed to the rapid drop on netbook interest as well as the decreased sequential revenues from its PC Client Group. The company's Atom line took the worst hit, dropping down to 38% from the third quarter and 57% splat from the same time last year.
As it stands, Intel tallied $54 billion in revenue for last year, 24% increase. CEO Paul Otellini pointed out to the people that cloud computing contributed much for the rise. The company's Data Center Group had 17% increase in revenue last year and broke the $10 billion barrier.
"This decline is slightly more than the average seasonal decline," CFO Stacy J. Smith . "We expect the shortage of hard disk drives to continue to impact our business in the first quarter."
The company anticipates revenue growth in the high single digits with the rise of the ultrabooks for this year.
"People are very excited about the feature set and having the PC reenergized," Otellini said. "In terms of a target, what we said before is that our goal this year will be to exit the year at about 40 percent of consumer notebooks being ultrabook [sic]."
Source: The Verge
Intel Beats Decreased Estimates, Netbook Interest Plummets is a post from: Eee PC
Link to post: Intel Beats Decreased Estimates, Netbook Interest Plummets - from: Eee PC | No comments | © Admarket, 2012.
Posts
