Global PC shipments declined nearly 30% in the January-March period to levels lower than before the pandemic, according to data from research firm IDC.
Sales for HP's Personal Systems segment - home to its desktop and notebook PCs - dropped 29% in the reported quarter, while the company's printing segment recorded a 5% fall.
HP said it expects second-half revenue to be higher than the first half, even though the year-on-year comparison will still be negative.
California-based HP's second-quarter revenue was $12.91 billion.
On an adjusted basis, HP earned 80 cents per share, compared with expectations of 76 cents.
Persons:
Enrique Lores, Tiyashi Datta, Jeffery Dastin, Devika
Organizations:
HP Inc, Companies, HP, Lenovo, HK, Dell Technologies Inc, Global, IDC, Reuters, Thomson
Locations:
California, Bengaluru, Palo Alto