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BLOOMBERG Bloomberg West June 22, 2024

Issued a profit forecast that missed estimates. The company is being hit hard by a slumping pc business and its revenue in personal systems dropping 13 yearoveryear. Total revenue declined 8 from this quarter last year. What are we learning about hp as to split in two . Cory johnson is here with me and we also have idc chief Research Officer crawford del prete. Crawford, let me start with you. What do you think about hps results . Disappointing, but is there a Silver Lining . Crawford these results were mixed. If you start digging into these results, you do see some areas where company clearly has issues. They saw a pause in pc demand, particularly on the consumer side, down 22 . We expected that in terms of people waiting for windows 10. However, if you dig into the enterprise group, there they saw significant improvement, if you will, in storage and steady demand, or impro ....

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