HP reports surprise growth as PC sales climb

The company's PC business grew 12 per cent, though most other divisions declined

HP's earnings for the past five financial quarters.

HP's earnings for the past five financial quarters.

Hewlett-Packard reported a slight uptick in revenue for the second calendar quarter as its PC sales increased again.

HP's revenue climbed 1 per cent to $US27.6 billion for the quarter ended July 31, the company announced. It was the first year-on-year revenue growth HP has reported in three years.

The modest rise came almost entirely from PCs, however, and it's unclear how long that business will keep recovering. Companies are still refreshing PCs after Microsoft ended its support for Windows XP, but those gains won't go on forever.

Still, HP is benefitting for now. Sales in its Personal Systems Group were up 12 perc ent last quarter to $US8.7 billion, HP said. Most of that increase was from sales to businesses.

Its Enterprise group also reported growth, with sales up 2 per cent to $US6.9 billion. Revenue from HP's print division was down 4 per cent, however, and revenue also declined from enterprise services and software.

Overall, HP's revenue beat the expectation of financial analysts, who had expected revenue to decline by 1 per cent from last year, according to Thomson Reuters.

HP's profit for the quarter was $US985 million, down 29 per cent from a year earlier, due partly to restructuring costs related to layoffs.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesservershardware systemsdesktop pcsfinancial resultsHewlett-Packard

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

James Niccolai

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?