HP fell short of its revenue targets in Q2 FY23 as PC sales declined
HP, the California-based computer electronics company, reported lower-than-expected revenue for its second quarter, covering the three-month period ending on April 30.
The company's net revenue for fiscal 2023 Q2 was $12.9 billion, representing a decline of 21.7% compared to the same period last year. This disappointing performance caused HP's shares to drop by nearly 3% in after-hours trading. However, net earnings saw an upbeat of 6.6% YoY in the quarter, as seen in the Techloy chart below.
