HP Inc (HPQ.N), which houses the hardware business of former Hewlett-Packard Co, reported a 3.6 percent rise in quarterly revenue, largely helped by a stabilizing PC market. However, the company's net earnings from continuing operations fell to $611 million in the first quarter ended Jan. 31, from $650 million a year earlier. The company's earnings per share from continuing operations remained flat at 36 cents.
Revenue rose to $12.68 billion from $12.25 billion.
(Reporting by Laharee Chatterjee and Arunima Banerjee in Bengaluru; Editing by Sriraj Kalluvila)
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Published Date: Feb 23, 2017 03:30 AM | Updated Date: Feb 23, 2017 03:30 AM