HP's PC business sees growth for the first time in 7 quarters

By on February 21, 2014, 5:30 PM
hp, revenue, psg, pc, meg whitman, personal systems group, q1, personal systems

HP has released its fiscal Q1 earnings with unexpected growth in its PC business. HP's CEO Meg Whitman said recently that this was the first time in seven quarters the company's PC business has experienced growth.

The company's Personal Systems Group (PSG) saw revenue of $8.5 billion, a 4% growth compared to the year prior. Much of the growth here looks to be from non-consumer, commercial notebook sales which grew 8% year-over-year, contributing to a 5% hike in overall notebook revenue. Consumer sales, on the other hand, dipped 3% compared to a year ago, along with a 1% drop in desktop revenue.

Whitman remains positive that people will still want to replace their older PCs with new ones as opposed to moving entirely over to a tablet. "While employees may want a tablet, they also need more traditional compute devices to do their real work," the CEO said. Some have suggested the growth could be due to a large number of business Windows XP systems being retired and replaced.

When asked about future projections for PSG and whether or not she sees further growth across the year, Whitman said "Hard to call. My experience over many years of business is that you always underestimate on the way down about how bad it's going to be and on the way up sometimes it's better than you think it's going be."




User Comments: 5

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2 people like this | captaincranky captaincranky, TechSpot Addict, said:

Oddly, this coincides with HP going back to installing Windows 7 on new computers. Coincidence? IMHO......... not!!!

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gcarter gcarter said:

What captaincranky said, and the fact that people want to go back to proper computing and not just mess around with tablets!

Guest said:

Lenovo has had tremendous growth, probably greater than HP's, and they say the PC is dying?

Guest said:

I hope to see more and more news like this. That will shut those so-called experts who keep announcing the "death of PCs".

Guest said:

Because they use back Win7

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