Santa Clara, California–Intel Corp. has announced revenue for 2000 of $33.7 billion, up 15% from 1999, resulting in the company’s 14th consecutive year of revenue growth. Fourth quarter (Q4) revenue was $8.7 billion, up 6% from Q4 of 1999, and approximately flat with the third quarter of 2000.
“This was a year of record annual revenue and earnings; yet, slowing economic conditions impacted Q4 growth and are causing near-term uncertainty,” says Craig R. Barrett, Intel’s president and chief executive officer. “Looking forward, we are confident in our business strategy and competitive position. Our financial strength enables us aggressively to increase our current investments in capital and R&D spending to ensure future leadership and readiness with 0.13-micron process manufacturing, 300mm technology, and a strong product portfolio.”
During the quarter, the company announced the acquisition of the consulting group of Network Solutions Private Ltd. and closed the previously announced acquisition of Ziatech Corp. In 2000, the company acquired 16 companies and businesses for over $2.7 billion, primarily focused on expanding the company’s networking, communications and wireless businesses.