TechnoclinicTechnoclinic
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: HP Reports Growth in Personal Systems Business, Beating Forecasts
Share
Sign In
Aa
TechnoclinicTechnoclinic
Aa
Search
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Technoclinic > LAPTOPS > HP Reports Growth in Personal Systems Business, Beating Forecasts
LAPTOPS

HP Reports Growth in Personal Systems Business, Beating Forecasts

Loknath Das
Last updated: 2018/08/25 at 8:17 AM
Loknath Das
Share
SHARE

HP Reports Growth in Personal Systems Business, Beating Forecasts

HIGHLIGHTS

  • Company reported better-than-expected quarterly results
  • HP’s personal systems business rose 12 percent to $9.4 billion
  • Net revenue rose about 12 percent to $14.59 billion

HP reported better-than-expected quarterly results and raised its full-year adjusted profit forecast on Thursday, as it benefits from strong growth in its personal systems business and its acquisition of Samsung’s printer business.

Shares of the company, formed out of the 2015 split of Hewlett-Packard Co, were, however, down 3 percent in after-market trading in low volumes.

Susquehanna analyst David Ryzhik attributed the weakness in shares to disappointing margins at the company’s printer business.

Investors had expected to see sequential increase in margins following the acquisition of Samsung’s printer business late last year, Ryzhik said.

“Their printing business operating margins were underwhelming.”

Margins at the business fell for the third straight quarter, while revenue from the segment rose about 11 percent to $5.19 billion (roughly Rs. 36,300 crores), above analysts’ estimate of $5.11 billion.

HP’s personal systems business, which includes desktops and notebooks and accounts for more than 60 percent of total revenue, rose 12 percent to $9.4 billion (roughly Rs. 65,800 crores), beating analysts’ average estimate of $9.06 billion, according to Thomson Reuters I/B/E/S.

The Palo Alto, California-based company had the top position in worldwide PC shipments in the second quarter with a 23.9 percent market share, according to research firm International Data Corp’s data.

HP Inc raised its forecast for full-year adjusted profit to between $2 and $2.03 per share, from $1.97 and $2.02 per share earlier. Analysts on average were expecting $2, according to Thomson Reuters I/B/E/S.

Excluding items, HP Inc reported a profit of 52 cents per share for the third quarter ended July 31, one cent above the average analyst estimate.

Net revenue rose about 12 percent to $14.59 billion.

Analysts on average had expected revenue of $14.27 billion.

[“Source-gadgets.ndtv”]

TAGGED: 'Personal, Beating, Business, Forecasts, Growth, HP, in, Reports, Systems

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Loknath Das August 25, 2018
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article AppleJeus Malware by Lazarus Targeting macOS, Windows Users Both: Kaspersky
Next Article India Unveils Drone Policy, to Be Effective From December

Latest News

The Best Closing Gift is a Home Warranty | 6 Reasons Why
APPS
Which of Node.js and React.js is best for your web app in 2025?
APPS
REGEN: Making natural language personalized recommendations
NEWS
SensorLM: Learning the language of wearable sensors
NEWS
13 Best Blog Platforms To Start Your Blog & How To Choose
SOFTWARE
Is Your C3PAO Really Familiar With Updated CMMC Level 2 Requirements?
NEWS

Most Viewed Posts

  • What You Need to Know About Smartphones vs. Tablet use of the Mobile Internet (1,618)
  • Bengaluru Lady Turns Blinkit Conveyance Specialist For A Day And Her Choice Prompted Significant Changes In Application (1,588)
  • Choosing the Right Tablet for Blogging and Writing On the Go (1,547)
  • How to Start a Product Review Blog (Templates & Examples) (1,499)
  • How To Start A Review Blog and Get Free Review Products (1,452)

© 2023 TechnoClinic Network. TechnoClinic Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?