Intel chief executive Paul Otellini said on Tuesday that the firm’s order and billing patterns in the current quarter are doing better than expected.

Otellini made the comments in a meeting with analysts.

“We are halfway through Q2,” he said. “In terms of our order pattern and our billing pattern, it’s a little better than we expected.”

He said “a lot “ depends on what happens in June. “So far so good,” he added.

He said that demand for the company’s computer processors seemed to have “bottomed out” in the first quarter.

He said the firm expects revenue of $7.1 billion in the current quarter.

Intel Electronics