Intel releases its first-quarter financial results for 2020
Intel has reported that it made US$19.8 billion in terms of revenue for 1Q2020, whereas it amassed just over $16 billion in the same quarter of 2019. The silicon giant posted a relevant net income of $5.7 billion, or 42% more YoY. This allowed it to pay its investors a dividend of $1.31 per share, or 51% more than in 1Q2019.
When broken down into its typical "key business" categories, Intel persisted in exhibiting a good financial quarter. These are categorized as "data-centric" and "PC-centric" divisions (or groups) within the company. All of the former posted YoY gains, with the exception of the internet-of-things (IoT) group (IOTG; -3%).
PC-centric business (which largely consists of the client-computing group (CCG)) was also up YoY, to the tune of 14% in total. Intel referred to this growth as "flat to slightly up" (even though it also "exceeded expectations") - however, any positive change in this industry may be valuable in the current climate.
Intel also outlined its response to the Covid-19 crisis in its latest financial report. It noted that it has pledged a total of US$60 million to the pursuit of community relief and the technological initiative it is planning to combat this pandemic.
In addition, the company has devoted approximately $100 million to the support of its own employees during this time, as well as over $1 million in order to get personal protective equipment (PPE) to healthcare workers.