20000118

Intel posts

Q4 revenue

of $ 8.2 billion

RECORDER REPORT

KARACHI: Intel Corporation announced fourth quarter revenue of $ 8.2 billion, a new record, up by eight percent from the fourth quarter of 1998 and up by 12 percent sequentially.

According to a press release issued by the Intel Pakistan Corporation on Monday, revenue for 1999 was $ 29.4 billion, up by 12 percent from 1998, and resulted in the company's 13th consecutive year of revenue growth.

In addition, seasonally strong demand led to record unit shipments of microprocessors, chipsets, motherboards and flash memory.

For 1999, net income excluding acquisition-related costs was $ 8.1 billion, up by 29 percent from 1998 net income of $ 6.3 billion. 1999 earnings excluding acquisition-related costs were $ 2.33 per share, an increase of 30 percent from $ 1.79 in 1998.