Outstanding EPS Increase Picks Up

Intel Corporation showed respectable growth in the first quarter 2020, where earnings jumped by 50.57 % year on year to $1.31 per share and Sales increased by 23.45 % to $19.83 billions, led by sales in Data Center Group segment.

Sequentially profits fell by -17.06 % from $1.58 per share and Sales decreased by -1.89 % from $20.21 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 $5,661.000 millions in the first quarter 2020 increased by 42.45 % from net earnings of $3,974.000 millions reported in the first quarter 2020 a year ago. Intel Corporation also emphasized it's improving profit margins, where net margin rose to 28.55% in first quarter 2020, and operating margin edged up to 35.5%. 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 July 14, 2020.