Friday, January 16, 2009

Quarterly profit Intel dropped tenfold.

In the fourth quarter of 2008 net profit of the company Intel was 234 million dollars. In the last quarter of 2007, Intel profit was 2.3 billion dollars. Thus, for the year Intel quarterly profit fell by 90 percent. This was reported in the press release, Intel.
Intel's revenues in the fourth quarter of 2008 amounted to 8.2 billion dollars, a 23 percent lower than a year ago. In the third quarter of 2008, Intel had revenue of 19 per cent higher.
Annual revenue Intel was 37.6 billion dollars, two percent lower than in 2007. Intel profit for 2008 fell by 24 percent compared with 2007 and reached 5.3 billion dollars.
For leaders Intel sharp decline in revenue came as no surprise. They stress that Intel is not the first time faced with a crisis, and knows how to successfully emerge from it.
Note that even in mid-2008, Intel reported record financial performance. For example, in the second quarter of the year, company revenue amounted to 9.5 billion dollars, net profit - 1.6 billion dollars. Then, the company earned approximately one hundred million dollars a day.

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