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Intel Raises Revenue Forecast with Corporate Demand Boost

Justin Sullivan/Getty Images(NEW YORK) -- Intel Corp. raised its second-quarter and full-year revenue expectations Thursday following stronger demand for business PCs.

The company now expects its second-quarter revenue to be at $13.7 billion, up from the previous forecast of $13 billion.

In addition, the chipmaker's full-year gross margin percentage is expected to be in the upper half of the previous range of 61 percent.

A prior outlook claimed little growth, but the change comes with a pickup in corporate businesses seeking an upgrade in equipment.  

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