Microsoft, Intel to Benefit as Businesses Upgrade PCs
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The personal-computer industry showed signs of improvement last quarter as businesses bought enough machines to revive sales growth at Microsoft Corp. and fuel Intel Corp.’s biggest revenue gain in more than two years.
Intel’s sales increased 7 percent in the quarter that ended in June, according to the average of analysts’ estimates compiled by Bloomberg. Microsoft is likely to report that revenue rose 10 percent after stagnating the previous period, the projections show. The software maker may also announce job cuts related to the acquisition of Nokia Oyj’s handset unit, people with knowledge of the matter have said.