PeoplePC said Tuesday that its revenue grew and loss narrowed in the second quarter. The PC company lost $26.8 million, or 24 cents per share, on revenue of $42.7 million. That compares with a loss of $91.5 million, or $2.76 a share, on revenue of $11 million in the second quarter of 2000.
San Francisco-based PeoplePC, which works with companies to provide computers and Net access as a fringe benefit to workers, also announced a new agreement with Ingersoll Rand. PeoplePC will provide PCs and Internet service to the industrial equipment company's 50,000 active and retired workers.