HP Inc reports 3.6 percent rise in quarterly revenue | Reuters

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.

Reuters February 23, 2017 03:30:09 IST
HP Inc reports 3.6 percent rise in quarterly revenue
| Reuters

HP Inc reports 36 percent rise in quarterly revenue
 Reuters

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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