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Its software is relevant to IT teams working from home, but some of its customers are hard hit small and mid-size businesses.

Dell's efforts to refresh its PC lineup as users do more computing at home have paid off, while the pandemic-fueled recession has reduced corporate demand for data center hardware.

The world’s second-largest economy remains tied to America despite billions invested in local chip-making know-how.

As cost-cutting measures appear to be bearing fruit, the company also has "gained momentum in key areas," CEO Antonio Neri said.

While the major cloud providers are making more money thanks to a surge in cloud usage, Amazon's CFO emphasized that a key focus now is to help users save money and utilize only the services they need.

CEO Lisa Su said the company has passed 10 percent share of the server chip market.

The timing for 7nm chips “is shifting approximately six months relative to prior expectations.”