Bolstered by increased demand from enterprises, Intel’s profit surged 48 per cent to a record of $3.4 billion for the three months ended December 2010.
In the year-ago period, the global chip maker had a profit of $2.3 billion.
“2010 was the best year in Intel’s history. We believe that 2011 will be even better,” Intel President and CEO Paul Otellini said.
Intel’s huge fourth-quarter profit came on record revenues of $11.5 billion.
“PC client group revenue flat, data centre group revenue up 15 per cent, other Intel architecture group flat and Intel Atom microprocessor and chipset revenue of $391 million flat, all sequentially,” Intel said in a statement on Thursday.
Even though, revenues from consumer PC was almost flat, the sluggishness was mostly offset by higher demand from businesses.
The fourth quarter also saw a net gain of $140 million from equity investments and interest.
For the full year, the company reported a profit of $11.7 billion on revenues of $43.6 billion.
Intel said that it expects revenues of $11.5 billion - which could be plus or minus $400 million - in the first quarter of 2011.