Hot demand for laptops as people work and learn remotely helped HP Inc. and Dell Technologies Inc. soften the hit from a slowdown in office-equipment spending during the coronavirus pandemic. Meanwhile, Dell said consumer revenue jumped 18% for the business that includes computer sales, while commercial-client sales slumped 11%. Overall revenue, much like for HP, fell 3% to $22.7 billion. HP and fellow PC makers like Dell were expected to benefit from the demand surge during the pandemic. Some school districts, scrambling to equip students and staff, have seen delayed shipments.

Source: Wall Street Journal August 27, 2020 20:11 UTC