US computer giant Hewlett-Packard, which employs around 4,000 people in Ireland, has reported better than expected quarterly results as technology spending revived across all markets.
The world's largest personal computer maker reported a second-quarter net profit of $2.2 billion, compared with $1.7 billion a year ago. Earnings per share of $1.09 were better than the $1.05 forecast by Wall Street analysts. Revenue increased 13% to $30.8 billion, also better than expected.
'HP had an exceptional quarter with strong performance across every region,' chairman and chief executive Mark Hurd said.
HP said it expected full-year revenue growth of around 8-9% in the current financial year. It said revenue in Q2 rose 11% in the Americas, and also by 11% in Europe, the Middle East and Africa. Revenue was up 19% in the Asia Pacific region.
HP said personal computer sales rose 20% in volume and 21% in value to $10 billion. Revenue from lap-top computers rose by 17% and desktop revenue was up 27%.
Revenue from HP's services division increased 2%, while revenue from its Enterprise Storage and Servers division was up 31%. Printing revenue rose 8%.
