Intel surprised Wall Street today by posting fourth-quarter revenue of $13.9 billion, and earnings per share of 64 cents, despite issuing a warning last month about a revenue shortfall.
Analysts had been expecting revenue of $13.7 billion and 61 cents per share.
Intel CEO Paul Otellini said that server and storage growth in the Data Center Group was strong, in an earnings conference call this afternoon.
The company said net income was up modestly to $3.4 billion from $3.2 billion in the same period last year.
For the current quarter, the company sees revenue of around $… Read more