HP Witnesses Solid Growth in Second Quarter Owing to PC and Server Sales
HP Witnesses Solid Growth in Second Quarter Owing to PC and Server Sales

Hewlett-Packard reported strong results for its second quarter as solid growth in PC and x86 server sales enabled it to counterbalance an ordinary quarter for its services business.

According to a poll by Thomson Reuters, HP's profits for the quarter that finished on April 30 was US$30.8 billion, 13% high from a year before and previous to the consensus forecast from Wall Street analysts.

Net profits were $2.2 billion, or $0.91 per share, each upbeat 28% from a year before. Apart from acquirement charges and other one-time fees, revenues were $1.09 per share, 4 cents prior to what Wall Street had anticipated.

The revenue numeral was blown up 4% by positive currency circumstances, but HP still did well in every geographic area, Chairman and CEO, Mark Hurd said in a statement.

HP said that adjusted for currency, profits swelled 9% in the US, 7% in Europe and 10% in Asia Pacific.

Desktop PC sales mounted 27% and notebook sales 17%, carrying overall increase of 21% for HP's Personal Systems Group, where proceeds were $10 billion.

HP said that earnings from industry standard servers soared 54%, blade proceeds were at 45% high and storage returns rose 16%.

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