Strong Results

Intel Corporation had impressive second quarter 2020, where eps advanced by 29.35 % to $1.19 per share, followed by Sales increase of 19.53 % to $19.73 billions, compared with the prior year period.

Eps decreased from the preceding quarter from $1.31 per share, Sales decreased by -0.5 % from $19.83 billions.
Intel Corporation told that it's good performance came from several different businesses, Data Center Group +11.89%, All other +18.61%, while following sections logged decrease in revenues PC Client Group -7.44%, Internet and Things Group -71.51%, Software Services Group -0.36%.

With rising profits in Data Center Group and Software Services Group sections, and oblivious to shrinking profits in PC Client Group and Internet and Things Group segment.
All other segment cut it's deficit to $-621.0 million. Net income of $5,105.000 millions in the second quarter 2020 increased by 22.16 % from net earnings of $4,179.000 millions reported in the second quarter 2020 a year ago. Intel Corporation also emphasized it's improving profit margins, where net margin rose to 25.88% in second quarter 2020, and operating margin edged up to 28.88%. Intel Corporation lowered it's annual revenue forecast by $ -70 millions, now company expects to revenues from $55,241 millions to $55,241 millions.
1All other segments have decreased the loss.

Intel Corporation is expected to report next financial results on October 13, 2020.