Daily Management Review

Intel's net profit grows by 32% in the first half of 2020


07/24/2020


Net profit of the American company Intel, one of the world's largest manufacturers of computer components, in the first half of this year grew by 32% in annual terms and amounted to $ 10.766 billion, the company said in a press release.



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Diluted earnings per share in the reporting period were $ 2.5 versus $ 1.79 in 2019. The company's revenue amounted to $ 39.556 billion, which is 21.5% higher than in January-June last year.

According to the results of the second quarter, Intel's profit increased in annual terms by 22%, to 5.105 billion dollars. Diluted earnings per share in the reporting period were $ 1.19 versus $ 0.92 last year. The adjusted figure was $ 1.23 against the forecast of $ 1.11. The company's revenue reached $ 19.728 billion, an increase of 19.5% year-on-year; analysts expected the figure at $ 18.5 billion.

In the third quarter, the company expects revenues of $ 18.2 billion and earnings per share of $ 1.02, and overall revenue and earnings per share in 2020 at levels of $ 75 billion and $ 4.53, respectively.

American corporation Intel Corp. was founded in 1968. It manufactures a wide range of electronic devices and computer components, including microprocessors. As of June 2020, the staff of the company was 110.8 thousand people.

source: bloomberg.com