Intel has reported its best ever financial year, claiming $54bn in revenues.
The company said that the financial report was its best ever, up 24 per cent from the previous year's results. Reported operating income for the year was $12.9bn.
"With outstanding execution the company performed superbly, growing revenue by more than $10 billion and eclipsing all annual revenue and earnings records," said Intel chief executive Paul Otellini.
"With a tremendous product and technology pipeline for 2012, we are excited about the global growth opportunities presented by Ultrabook systems, the data centre, security and the introduction of Intel-powered smartphones and tablets."
Compared to 2010, Intel's yearly revenues were up 24 per cent, while net income was up 19 per cent on the year. Despite the record revenues, the company reported that its gross margin of 63.6 per cent was down slightly from 65.5 per cent in 2010.
The report comes as Intel continues to push its chips into new markets. At this year's CES, Intel unveiled the first mobile handset models powered by its Atom platform. Additionally, the company spent much of its time at the show championing ultrabooks. Powered by Intel processors and chipsets, the ultrabook class combines high-performance, ultra-thin notebook and tablet designs.
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