Strong PC Sales Help HP, Dell Offset Office-Spending Slump
Laptop sales, driven by people working and learning from home to curb the pandemic’s spread, helped HP Inc. and Dell Technologies Inc. soften the impact from lower office-equipment spending.
HP on Tuesday reported an 18% increase in revenue from notebooks for the quarter ended Oct. 31 on record volume. Sales of desktops and workstations fell. Overall, revenue slipped 1% to $15.26 billion, but, according to FactSet, beat analysts’ expectations.