HP has achieved record revenue of $20.1 billion for the second quarter to 30 April, a 12% increase over the same quarter of last year.
Operating profit of $1.1 billion was 77% higher than the year-earlier figure of $495 million, while diluted earnings per share of $0.29 compares with a previous $0.22 per share. The results were largely in line with analysts` expectations.
"HP delivered a strong quarter with solid revenue gains and continued profitability across the portfolio," says chairman and CEO Carly Fiorina.
"We surpassed $20 billion in quarterly revenue for the first time in our history, with record second quarter revenue in PCs, enterprise hardware, software, services and imaging and printing."
Revenue in the Americas grew 4% to $8.4 billion while Europe grew 17% to $8.3 billion and Asia Pacific was up 22% to $2.4 billion. Japan grew 21% to $967 million. The group says that on a total company basis, and when adjusted for the effects of currency, second-quarter revenue was up 4% year-on-year.
The group has revised its second-half revenue estimates to a range of $29.7 billion to $40.7 billion, with analysts currently expecting a figure of $39.7 billion.
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