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It’s not only Hewlett Packard’s PC business that is failing the other HP business, Enterprise’s IT business, which makes storage and datacentre networking products, reported sales fell 10.5% last quarter, while its unit that makes wireless network products posted a 6.5% drop. The company had previously warned of uneven demand, due to US-China trade tensions.

Hewlett Packard Enterprise, mostly known for its computer servers, has seen its shares rise 32% this year as it became a leaner, meaner outfit. But HPE’s revenue disappointed the market, falling 9.2% to US$7.22 billion.

The company posted net earnings of $480 million for Q4, compared with a loss of $757 million a year earlier.



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