Intel Q4 net income $2.3 billion, up 875%

This hot off the Intel press release:

• Revenue $10.6 Billion, up $2.3 Billion and 28% Year-over-Year
• Record Gross Margin of 65%, up 12 Points Year-over-Year
• Operating Income $2.5 Billion, up $958 Million and 62% Year-over-Year
• Net Income $2.3 Billion, up $2.0 Billion and 875% Year-over-Year

"Intel's strong 2009 results reflect our investment in industry-leading manufacturing and product innovation," said Paul Otellini, Intel president and CEO. "This strategy has enabled us to generate unprecedented operating efficiencies while growing our traditional businesses and creating exciting new market opportunities, even in difficult economic times. Our ability to weather this business cycle demonstrates that microprocessors are indispensable in our modern world. Looking forward, we plan to deliver the benefits of computing to an expanding set of products, markets and customers."

I think that counts are a very good quarter for Intel.