Dive Brief:
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Revenue in HP's largest division — personal computers and printers — fell 11.5% in the quarter ending July 31, while revenue from its enterprise services unit dropped 11%.
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Overall, HP’s total revenue fell 8.1% to $25.35 billion.
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Analysts say the No. 2 PC maker has struggled to adapt to mobiles and online computing.
Dive Insight:
HP’s revenue drop is the fourth such drop in consecutive quarters. Analysts have said HP is suffering from both weak PC sales and lower demand from corporate customers for HP services.
HP is in the process of separating its computer and printer businesses from its corporate hardware and service operations. The company is also in the middle of a restructuring that has focused on cutting costs and making higher-margin sales.