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PC growth is peaking but won t accelerate further, say analysts
By Bloomberg
By Ian King
Dell Technologies and HP reported revenue and earnings that showed consumers and companies continue to buy personal computers even as pandemic lockdowns ease in some parts of the world. The strong results didn t help the stocks, which declined.
Round Rock, Texas-based Dell said fiscal first-quarter sales rose 12% to $24.5 billion, compared with analysts average estimate of $23.3 billion, according to data compiled by Bloomberg. HP reported revenue in its fiscal second quarter jumped 27% to $15.9 billion, also topping estimates by $1 billion. HP also raised its annual profit target.
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Dell Technologies Inc and HP Inc on Thursday reported revenue and earnings that showed consumers and companies continue to buy personal computers even as COVID-19 pandemic lockdowns ease in some parts of the world.
The strong results did not help the stocks, which declined in extended trading.
Round Rock, Texas-based Dell said that fiscal first-quarter sales rose 12 percent to US$24.5 billion, compared with analysts’ average estimate of US$23.3 billion, data compiled by Bloomberg showed.
HP reported revenue in its fiscal second quarter jumped 27 percent to US$15.9 billion, also topping estimates by US$1 billion. It also raised its annual profit target.
Despite the