HP Inc missed Wall Street estimates for first-quarter revenue on Wednesday, marking a seventh straight quarter of decline, driven by sluggish demand in the personal computers (PC) market as customers delay system upgrades. Enterprise customers are keeping a tight leash on their budgets and spending cautiously in the wake of an uncertain economy, hitting demand for companies such as HP Inc which provide personal computing devices. China continues to be a weak market for both consumer and commercial, but the overall market also remains volatile and inconsistent across regions, CEO Enrique Lores said in a media call.
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