International Olympic Committee (IOC) sponsor Intel experienced a patchy third quarter, as the pandemic began to weigh on some parts of its business.
The California-based computer chip manufacturer said that, while notebook sales remained strong and Cloud-related revenue continued to grow, COVID-19 had impacted the previously buoyant enterprise and Government market segment of its data centre group, as well as its memory business.
Overall, revenue for the three months ended September 26 dipped by four per cent to $18.3 billion (£13.7 billion/€15.2 billion).
The year-on-year decline in operating income was a heftier 22 per cent to $5.1 billion (£3.8 billion/€4.2 billion).
Net income, meanwhile, fell 29 per cent to $4.3 billion (£3.2 billion/€3.6 billion).
Bob Swan, the Santa Clara company’s chief executive, said it had delivered “solid third-quarter results” in spite of “pandemic-related impacts in significant portions of the business”.
"Nine months into 2020, we are forecasting growth and another record year, even as we manage through massive demand shifts and economic uncertainty," Swan said.
"We remain confident in our strategy."
Intel’s membership of The Olympic Partner worldwide sponsorship programme, which currently lasts until 2024, was announced in 2017.
The group’s Olympic involvement is said to focus primarily on 5G, content-development platforms, artificial-intelligence platforms and drones.