SAN FRANCISCO-Intel Corp. announced an upbeat fourth-quarter result with a net income of $1 billion, or 16 cents per share, beating an optimistic market forecast.
Last year the company posted $504 million or 7 cents per share net income.
Its revenue jumped to $7.2 billion from $7 billion a year ago.
“We’re trying to manage the company very cautiously, keeping spending flat to down,” said Andy Bryant, chief financial officer of the semiconductor company.
