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Corporate demand cheers Dell, HP

Dell Inc and Hewlett-Packard Co dismissed worries about weakening technology demand, reporting broad-based strength from corporate customers and only hints of weakness from consumers.

Updated on: Aug 20, 2010 11:30 PM IST
Agencies | By , San Francisco
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Dell Inc and Hewlett-Packard Co dismissed worries about weakening technology demand, reporting broad-based strength from corporate customers and only hints of weakness from consumers.

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HT Image

Both faced questions on Thursday about the strength of the recovery in spending on technology, after Cisco Systems Inc

CEO John Chambers warned last week about "unusual uncertainty" in the global economy.

Analysts said fears persisted about the strength of any recovery in consumer spending, as growth moderates in Europe and China as well as in the United States.

"We saw better-than-normal quarterly seasonality, as well as good balanced performance across all of our three regions," said Cathie Lesjak, HP's interim chief executive.

Stephen Schuckenbrock, president of Dell's large enterprise segment, also said quarterly results for his group were "closer to pre-recession demand levels." Dell Inc reported its net income had improved 16 per cent in the fiscal second quarter as businesses replaced aging technology.

 
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