HP feels the love for the PC market after Q1 sales surge

Hannah Breeze
clock • 3 min read

CEO claims market is in rudest health since XP migration boom

HP's CEO has said the firm's PC business is performing so well that it mirrors the PC boom created by the Windows XP refresh cycle, as the vendor reports its Q1 numbers. For the three months to 31 January, GAAP net profit from continuing operations hit $600m, down six per cent annually, on GAAP net revenue which rose four per cent to $12.7bn (€12bn) over the same period. In its Personal Systems business, net revenue was up 10 per cent annually, with a 3.8 per cent operating margin. Comm...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now

 

Already a member?

Log in

More on Vendor

Fujitsu plant

Fujitsu pulls plug on European PC business

Manufacturer to move towards datacentres, hybrid cloud and platform services

Martin Fryba
clock 04 August 2023 • 1 min read
SolarWinds execs hit with SEC Wells notice related to 'Sunburst' cyberattack

SolarWinds execs hit with SEC Wells notice related to 'Sunburst' cyberattack

Current and former executives including its CFO and CISO received Wells notices that they may be subject to civil enforcement action in relation to the late 2020 SolarWinds Orion cyberattack

clock 27 June 2023 • 3 min read