HPE, which sells a broad spectrum of enterprise IT solutions across servers, networking devices, and BI software is consistently losing to newer, cloud-first vendors.
Unit volumes were up 7%, with notebooks up 12% and desktops up 3%; and the rest of the revenue increase was due to an uptick in average selling price (NYSE: ASP ).
PC sales tend to spike when Microsoft (NASDAQ: MSFT ) releases a brand new version of its flagship operating system, which generally happened on a cadence of every 1-2 years.
The lack of a major OS revitalization, and no idea as to when the next one might occur, will put a damper on PC sales - especially HP, the largest OEM of Windows devices.
With its core businesses returning to growth (even Printing) after a long period of uncertainty, there's no reason the stock should bear this much of a discount to the market anymore.
- Loop Capital Says Its Time To Buy Hewlett-Packard (NYSE:HPQ). Will Stock Hit ...BZ Weekly
- Hewlett-Packard (NYSE:HPE) Reaching An Inflection Point; Loop Capital ...BZ Weekly
- Hewlett Packard Enterprise Company (NYSE:HPE) Quarterly EPS AnalysisAppsforPCdaily
- Higher PC Sales Lift HP Inc's ProfitFortune
- Is Hewlett-Packard (NYSE:HPE) a Buy or a Sell? What Does Loop Capital Think?Weekly Register
- After one of Tech's biggest break-ups, HP comes out on topgulfnews.com
- HP beats expectations on sales with help from PC unitFinancial Times
- Meg Whitman Stands By Statement She Won't Be Uber CEOWall Street Journal (subscription)
- HP Inc profit beats estimates on higher PC salesBNN