“The PC refresh cycle is pushing into next year,” Dell chief financial officer Yvonne McGill said Tuesday on a call with analysts after the results. HP Chief Executive Officer Enrique Lores said in an interview that the release of Microsoft Corp.’s new edition of Windows software hasn’t fueled PC sales from corporate clients as quickly as in previous releases.
Dell Technologies and HP reported quarterly financial results that suggest a long-awaited recovery of the personal computer market is stalling. The shares of each company dropped in extended trading.
Revenue generated by Dell’s PC business declined 1% to US$12.1 billion in the fiscal third quarter, falling short of estimates. While sales in HP’s PC unit rose 2% to US$9.59 billion in the similar three-month period, that too missed the average analyst estimate.
