PC Sales Help HP, Dell Offset Weak Office Spending
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.
在人们在家工作和学习以遏制疫情蔓延的推动下，笔记本电脑的销售帮助惠普公司(HP Inc.)和戴尔技术公司(Dell Technologies Inc.)缓解了办公设备支出下降的影响。
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 beat analysts’ expectations, according to FactSet.
The consumer business again drove sales, with key areas like gaming showing strong gains, HP Chief Executive Enrique Lores said in an interview. The pandemic has shown that individuals need their own device to work, learn or play, he said, but “we’re far from everybody having access to a PC in each of the countries where we do business.”
Dell Chief Operating Officer Jeff Clarke on a conference call said, “I don’t think you can get by having a [single] PC for everyone in the home now.”
Both HP and Dell said they expect higher laptop demand to carry over into 2021, though Mr. Lores said processor and panel shortages will likely continue to drag on sales through the first half of the year.
HP’s printing business continued to struggle in the most recent quarter, with revenue down 3% from a year earlier but up 23% from the preceding quarter.
The printing business, while smaller by revenue, is typically more lucrative for the company.
In addition to a record 19 million PCs shipped in the quarter, Mr. Lores said HP supplied 12 million printers, a welcome sign of recovery and one that could lead to those customers returning to buy ink and other products.
“Our consumer printing business is also significantly above the plans that we had before Covid,” Mr. Lores said, referring to pandemic that took hold early in the year.
He said the company saw improvement in commercial print, driven by small and medium-size businesses, and expects a gradual recovery. But, he noted, “We clearly see a correlation between the number of [Covid-19] cases and the pages printed in the office.”
Dell on Tuesday reported an 8% revenue increase to a record $12.3 billion for its business that includes consumer computer sales. The company’s consumer revenue rose 14%, while commercial-client sales increased 5%. Sales of servers and data storage equipment fell again in the recent quarter as customers continued to focus on remote work.
Overall, Dell’s revenue for the quarter ended Oct. 30 rose 3% to $23.48 billion, or $23.52 billion on an adjusted basis, beating analysts’ expectations. Quarterly profit surged to $832 million, or $1.08 a share. On an adjusted basis, profit rose to $2.03 a share, ahead of analysts’ expectations.
For companies like HP and Dell, the pandemic has proven to be a challenge and a boon, increasing demand for personal computers but also denting office-equipment spending as many continue to work remotely.
The PC boom, however, has been uneven. Consumer-oriented vendors like Apple Inc. and Acer Inc. have outpaced the rest of the market, while those like Dell more exposed to business buyers have struggled, according to industry data. Data from research firms International Data Corp. and Gartner Inc. found Dell shipped fewer PCs in the three months ended in September this year than last year.
然而，个人电脑的繁荣是参差不齐的。行业数据显示，苹果(Apple Inc.)和宏碁(Acer Inc.)等以消费者为导向的供应商跑赢了其他市场，而戴尔(Dell)等对商业买家敞口更大的供应商则举步维艰。研究公司国际数据公司(International Data Corp.)和高德纳公司(Gartner Inc.)的数据显示，在截至今年9月的三个月里，戴尔的个人电脑出货量低于去年。
HP’s quarterly profit for the latest period jumped to $668 million, or 49 cents a share. On an adjusted basis, profit rose to 62 cents a share, beating expectations.