Intel reports first quarter 2020
Intel has published a report for the first quarter of 2020. The reporting period brought her $ 19.8 billion in revenue, which is 23% more than in the first quarter of 2019. Product revenue for data centers grew by 34% over the year, and PC-related revenue grew by 14%.
Intel revenue for the year grew by 23%, net profit – by 42%
The gross profit indicator for the year increased from 56.6% to 60.6%, and if it is not calculated according to the GAAP method, then from 58.3% to 62.1%. Operating profit rose from $ 2.2 billion to $ 7.0 billion, an increase of 69%. Non-GAAP accounting yields a 67% increase, from $ 4.5 billion to $ 7.5 billion.
Net income in annual terms increased by 42% – from $ 4.0 billion to $ 5.7 billion. In the case of non-GAAP calculation, the growth is 54% – from $ 4.0 billion to $ 6.2 billion.
During the quarter, the manufacturer paid shareholders $ 1.4 billion in dividends and bought back 71 million shares worth $ 4.2 billion. The buyback was temporarily discontinued on March 24 due to the COVED-19 pandemic. The manufacturer promises to resume it “when circumstances permit.”
