Intel Posts Record Income, Revenue Figures

“2010 was the best year in Intel’s history. We believe that 2011 will be even better,” said Intel CEO Paul Otellini, in a statement.

Intel's reported revenue for the fourth quarter of 2010 at $11.46 billion, up 8 percent from $10.57 billion recorded in the year-before quarter. Intel's quarterly net income was $3.39 billion, up from $2.28 billion in the same quarter of 2009.

For 2010, Intel said total revenue was $43.6 billion, up $8.5 billion or 24 percent, year-over-year. Profit for 2010 was $11.7 billion, up 167 percent year-over-year, according to Intel.

Intel CFO Stacy Smith pointed to enterprise demand for new chips as an engine of growth for the company in the fourth quarter.

"The strength in enterprise demand with the launch of our Sandy Bridge product line led to gross margin of 67.5 percent and record operating income of $4.3 billion," he said in statement.

The company said strong sales are expected to continue through the first quarter, with revenue forecasted at $11.1 billion to $11.9 billion, well above analysts' expectations.

Last week at CES 2011, during the launch of Intel's Sandy Bridge processors Otellini said the multicore integrated CPU-GPU platform is the best product Intel has offered to date.