HP a Dominant Force, Dell's Results

By Reuters  |  Print this article Print

Dell and HP's quarter results helped remove concern that demand for technology buying was weakening, as the companies reported broad strength from commercial customers and minimal weakness in the consumer market.

HP is a dominant presence in a number of technology markets, from PCs and printers to services and servers, and is a bellwether for spending in the sector. Its results on Thursday pointed to solid -- if unremarkable -- growth.

HP had reported preliminary results back on Aug. 6 -- when it also announced Hurd's stunning departure -- so Thursday's numbers had not been expected to move its stock, which has fallen 12 percent since Hurd resigned.

HP said earnings rose 6 percent as expected, helped by strength in servers and personal computers.