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Saturday, December 1, 2018

HP Achieves $ 16 Billion in Third Quarter of 2018

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HP Inc's quarterly revenue exceeded analysts' estimates, driven by growth in notebook and desktop PC sales, with net revenue rising 10.3% to $ 15.37 billion, while analysts expected revenue of $ 15.1 billion.  

According to India's TOI, HP Inc shares were marginally higher in a wide range of trades. Personal systems, which accounted for more than 60% of total revenue, rose 11% to $ 10.06 billion, Analysts estimate $ 9.78 billion.

As far as personal computers are concerned, we've been affected a lot, especially because of the lack of previously announced CPUs," said David Rejek, analyst at Sascohana Financial Group.
The company ranked second in world PC shipments in the third quarter with a market share of 22.8 percent, down from 23.9 percent from the previous quarter, according to data from International Data Corp..

HP said its print revenue rose 9.1 percent to $ 5.30 billion, slightly below analysts' estimates of $ 5.31 billion.
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