"Chip giant raises revenue expectations after signs of life flicker in biz
Chipmaker Intel has raised its revenue expectations after discovering that the PC market is less moribund than it imagined.
Chipzilla said on Thursday that "as a result of stronger than expected demand for business PCs," it was raising its second-quarter growth revenue estimate from $13bn to $13.7bn.
Along with this, Intel raised the mid-point of its gross-margin range to increase by 1 point to 64 per cent, though it also upped its expected tax rate for the second quarter to 28 per cent from its previous 27 per cent guidance."Intel now expects some revenue growth for the year as compared to the previous outlook of approximately flat," Intel said. "The change in outlook is driven mostly by strong demand for business PCs."
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