HP And Dell Pull Out A Beat Despite The PC Slump
Portfolio Pulse from Upwallstreet
HP Inc (HPQ) and Dell Technologies Inc (DELL) reported better than expected quarterly results despite the PC sales slump, thanks to cost-cutting efforts. HP's revenue dropped 22% YoY but net earnings increased, while Dell's revenue fell 20% but still exceeded estimates. Both companies expect AI to transform the PC industry.
June 02, 2023 | 1:44 pm
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Dell Technologies Inc (DELL) reported better than expected quarterly results despite a 20% drop in revenue, thanks to cost-cutting efforts. The company expects AI to transform the PC industry.
Dell's better than expected results and cost-cutting efforts show resilience in a challenging market. The company's focus on AI as a growth driver for the PC industry could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
HP Inc (HPQ) reported better than expected quarterly results despite a 22% YoY drop in revenue, thanks to cost-cutting efforts. The company expects AI to transform the PC industry.
HP's better than expected results and cost-cutting efforts show resilience in a challenging market. The company's focus on AI as a growth driver for the PC industry could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100