HP's Q1 revenue rises 7% to $15.6 billion

Thursday, 25. February 2021 20:58

HP Inc. published on Thursday its earnings results for the first quarter of fiscal 2021, saying that its revenue annually increased by 7% to reach $15.6 billion. The company's net earnings surged 58% to $1.1 billion in the same period, while its diluted earnings per share soared 80% to $0.83.

"It was an exceptional start to the year with strong revenue, profit, and EPS growth. The strength of our portfolio and the diversity of our businesses is driving our performance and positioning HP well for the future. Simply put, we are doing what we said we would do - and our strategy is working," Chief Executive Enrique Lores commented in the report.

HP's stocks climbed 4.33% to $29.17 per share at 3:02 pm ET following the announcement of results that have surpassed market estimates.

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Breaking the News / ND