The recovery of the stifling PC market is also benefiting from HP Inc. The Group was able to record significantly higher profits in the last quarter thanks to the strong PC business.
The IT group HP Inc. is profiting from the recovery of the PC market after years of downturn. In the past quarter, Hewlett-Packard, a computer-aided successor in the computer-related market, recorded a revenue increase of four percent to 12.7 billion dollars. The profit climbed from 592 to 611 million dollars in the end of January to the end of January, according to HP Inc. after Wednesday's stock market closing.
Revenue in the PC market is growing significantly
The decisive factor was the development on the PC market. The division's sales rose ten percent to $ 8.2 billion. Notebook sales increased by 12 percent, while sales of desktop computers remained stable. Most recently the exchange of computers in the company with the change to the operating system Windows 10 had given the market a boost. At the same time Christmas gaming PCs ran well in the consumer business.
On the second leg of HP Inc, the printers, it ran less smoothly. Sales of the division declined by three percent to 4.48 billion dollars. The reason was declining prices, as the sales of printers to companies increased by two percent and consumers by seven percent.
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