HP beats revenue estimate on recovering PC demand

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HP beats revenue estimate on recovering PC demand
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HP is hoping to ride a wave of upgrades after Microsoft last week unveiled a bevy of new AI features designed to work on a new generation of PCs

beat Wall Street estimates for second-quarter revenue on Wednesday, signalling a recovery in the personal computer market as customers upgrade their systems.

. Lores said education customers drove sales in the second quarter, with schools upgrading their systems after a nearly two-year long demand slump following COVID-19. In the reported quarter, sales of HP’s personal systems segment – home to its desktop and notebook PCs – rose 3% from a year ago, while its printing segment posted an 8% fall.

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