Intel Corporation reported consolidated earnings results for the fourth quarter and full year ended December 27, 2014. For the fourth quarter, the company reported revenue of $14.7 billion against $13.8 billion a year ago. Net income was $3.7 billion or $0.74 per diluted share against $2.6 billion or $0.51 per diluted share a year ago. Operating income was $4.5 billion against $3.5 billion a year ago. The company generated approximately $5.8 billion in cash from operations. Income before taxes was $4,659 million compared to $3,551 million a year ago. Capital spending was $2,143 million compared to $2,948 million a year ago.

For the year, the company reported revenue of $55.9 billion against $52.7 billion a year ago. Net income was $11.7 billion or $2.31 per diluted share against $9.6 billion or $1.89 per diluted share a year ago. Operating income was $15.3 billion against $12.3 billion a year ago. The company generated approximately $20.4 billion in cash from operations. Income before taxes was $15,801 million compared to $12,611 million a year ago.

For the full year of 2015, the company expects revenue growth in the mid-single digit percentage points, gross margin percentage of 62%, plus or minus a couple of percentage points, amortization of acquisition-related intangibles of approximately $255 million, depreciation of approximately $8.1 billion, plus or minus $100 million, tax rate of approximately 27% and capital spending of $10.0 billion, plus or minus $500 million.

For the first quarter of 2015, the company expects revenue of $13.7 billion, plus or minus $500 million, gross margin percentage of 60%, plus or minus a couple percentage points, amortization of acquisition-related intangibles of approximately $65 million and depreciation of approximately $1.8 billion.