HP Remains Confident in PCs Following Tough Quarter

Down but not out

Hewlett-Packard, the world’s second largest supplier of PCs behind Lenovo, reported $25.3 billion in revenue for its fiscal 2015 third quarter ended July 21, 2015, down 8 percent from $27.6 billion in the same quarter a year ago. It was the fourth consecutive quarter that HP’s seen a decline.

Only the company’s Enterprise Group saw a rise in revenue, which was up 2 percent year-over-year. HP’s Personal Systems revenue declined 13 …read more

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