For the last two quarters the vendor has narrowed its forecasts towards the high end of its original range.
Yesterday, Intel said Revenues in the first quarter will be $8bn to $8.2bn, compared to its earlier forecast of $7.9bn to $8.5bn. Gross margin will be 60% plus or minus a point, compared to earlier forecasts of 60% plus or minus a couple of points.
CFO Andy Bryant said the company’s Intel Architecture Group’s performance was consistent with the lower end of seasonal patterns.
Bryant described the firm’s performance as a very normal Q1 off the new higher levels we saw last year.
He said Intel was sticking to its prediction of a gradual revival in the corporate market, saying that no one would be flicking a switch that would set the market alight. There’s been an awakening, not a rush.
This article is based on material originally published by ComputerWire
