Upticks in This Key Market Give Hope for IBM and HP Enterprise Shareholders

Although markets only began crashing about a month ago, it's difficult to remember a time when the negative financial effects of COVID-19 weren't at the top of everyone's mind. That's the result of the sheer scare surrounding the coronavirus outbreak. Likewise, fear is making it difficult to believe the world will ever be the same. But, things will return to (mostly) normal sooner or later, and capitalism will pick up where it left off, even if it's at a slower pace.

Lost in all the COVID-19 noise over the past month were a pair of curious reports from technology market research houses IDC and Gartner, both of which bode well for IBM and HP Enterprise. Those reports indicate that sales of servers during the final calendar quarter of last year were up somewhere between 5.1% and 14% year over year, depending on how you count them.

It's not a game-changing development for either of the struggling technology outfits, but it's something for each to build on.

Source Fool.com