Menu
HP reports surprise growth as PC sales climb

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.


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesservershardware systemsdesktop pcsfinancial resultsHewlett-Packard

Featured

Slideshows

Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Kiwi channel comes together for another round of After Hours

Kiwi channel comes together for another round of After Hours

The channel came together for another round of After Hours, with a bumper crowd of distributors, vendors and partners descending on The Jefferson in Auckland. Photos by Maria Stefina.​

Kiwi channel comes together for another round of After Hours
Consegna comes to town with AWS cloud offerings launch in Auckland

Consegna comes to town with AWS cloud offerings launch in Auckland

Emerging start-up Consegna has officially launched its cloud offerings in the New Zealand market, through a kick-off event held at Seafarers Building in Auckland.​ Founded in June 2016, the Auckland-based business is backed by AWS and supported by a global team of cloud specialists, leveraging global managed services partnerships with Rackspace locally.

Consegna comes to town with AWS cloud offerings launch in Auckland
Show Comments