Dell Technologies Inc (DELL.N) surpassed first-quarter profit projections on Thursday, a hopeful sign for personal computer makers after months of falling demand.

The results compared well with competitors HP Inc (HPQ.N) and Lenovo Group (0992.HK), but a full rebound is still a long way off, as Dell estimated current-quarter sales below Wall Street estimates and cautioned that IT spending would remain cautious.

After the bell, the company’s shares fell 2%, erasing a 5% gain. When the firm published its findings earlier than expected, the shares momentarily suspended trading during regular trading hours.

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