(Telecompaper) Intel reported fourth-quarter revenues up 1 percent year-on-year to USD 14.9 billion, better than the company's outlook. Operating profit fell 3 percent to USD 4.3 billion, and net profit dropped 1 percent to USD 3.6 billion or 74 cents a share. Intel CEO said Brian Krzanich the results were in line with expectations and represented a strong finish to the year. Over the full year, Intel saw a 1 percent fall in sales to USD 55.4 billion, and net profit declined 2 percent to USD 11.4 billion. For the full year 2016, Intel forecast revenue growth in the mid to high single digits. The gross margin is expected to fall to around 61 percent from 62.6 in 2015, due to the acquisition of Altera and factory start-up costs. R&D and capital spending will increase compared to 2015.