Intel raises forecasts on the back of PC growth

Strong activity in the enterprise PC market has helped Intel raise its revenue prospects for the rest of its fiscal year

The ongoing impact of the move by users to move away from Windows XP is still being felt in the PC industry with Intel taking the unusual step of raising its financial outlook on the back of strong chip sales.

The vendor has issued an improved outlook for its second quarter and full financial year with Q2 revenues now likely to be up around $13.7bn up from $13bn and there should now be some growth for the year instead of the previously anticipated flat outcome.

Enterprise PC demand has improved since firms moved away from Windows XP, when support was wound down in April, and most of the PC vendors have reported improved conditions in the commercial market.

Intel has been developing a strategy where it gains revenues from the mobile market, which it was slightly slow in getting involved with, but will take a welcome filip from its traditional business doing well.

"Intel now expects some revenue growth for the year as compared to the previous outlook of approximately flat. The change in outlook is driven mostly by strong demand for business PCs," the firm stated.

The firm will provide more details of what it is expecting in the fiscal second half when it reports its second quarter numbers next month.

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