Intel CEO Bob Swan. Intel Capital is the venture capital arm of Intel. Photograph by Stuart Isett for Fortune Magazine, under Creative Commons license

Chip giant Intel has announced its financial results for the second quarter of this year, indicating $19.7 billion in revenue, up 20% year-over-year, and $5.1 billion in net income, up 22% year-on-year. During the quarter, Data-centric revenue grew 34% year-over-year and accounted for 52% of total revenue while PC-centric revenue grew 7% year-over-year. For the year leading up to the end of the second quarter, Intel accumulated $10.6 billion of free cash flow from its operations and paid dividends of $2.8 billion.

“It was an excellent quarter, well above our expectations on the continued strong demand for computing performance to support cloud-delivered services, a work- and learn-at-home environment, and the build-out of 5G networks,” Intel CEO Bob Swan said in a press statement. “In our increasingly digital world, Intel technology is essential to nearly every industry on this planet. We have an incredible opportunity to enrich lives and grow this company with a continued focus on innovation and execution.”

Intel is forecasting $75 billion in revenue for the full-year 2020.

[Correction]: A correction was made to indicate Intel paid $2.8 billion in dividends as opposed to a previously stated $12.8 billion