HP has announced its first quarter results, posting above-expectation profits and predicting that performance will improve going forward.
HP earned $2,13-billion for the three months ended 31 January off revenue of $28,5-billion – a 13% increase over the same period last year.
The company is also upbeat about the rest of the year, predicting continued growth.
HP's results are attributable to a combination of increasing computer sales together with steady cost cutting.
The company's computer shipments grow 27% in the first quarter, with imaging & printing posting a 7% increase in sales.