Samsung Electronics is one of the first major tech giants to announce earnings figures since the coronavirus pandemic broke out. In guidance released today, Samsung says its first-quarter revenue was approximately 55 trillion won ($ 44.9 billion). Operating profit is expected to rise three percent to $ 5.23 billion.

Samsung does not break down its earnings guidance by division or comment on its business performance until the final report is released later in the month. Daiwa securities’ SK Kim suggests the company’s all-important memory chip unit is likely to perform well in the short term due to the extra demand on data centers.