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HP Inc results beat in 'breakthrough' Q2 FY18 for computers, printers

The PC market has benefited as more businesses replace or upgrade older systems


HP Inc reported better-than-expected results in what its chief executive termed a "breakthrough" quarter as both its PC and printer businesses grew for the first time since 2010. Shares of the company rose 3.6 per cent to $19.7 after the bell on Wednesday. Revenue from personal systems business, which makes notebooks, desktops and workstations, jumped 9.6 per cent to $7.66 billion in the second quarter ended April 30. The business accounts for nearly two-thirds of the company's total sales. Worldwide shipments of PCs rose for the first time in five years in the ...

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First Published: Thu, May 25 2017. 13:00 IST