Computer and printer maker Hewlett-Packard has reported quarterly profit that rose in line with its own prior estimates, as HP sold more servers and personal computers.
HP, based in Palo Alto, California, said net income rose to $936 million, or 30 cents a share, in the fiscal first quarter ended January 31st, from $721 million, or 24 cents a share, a year earlier. Revenue rose to $19.5 billion from $17.9 billion.
HP employs 1,600 in its plant in Leixlip, Co Kildare.
Excluding items, HP said it had a profit of $1.08 billion, or 35 cents per share, compared with a year-earlier profit before items of $877 million, or 29 cents per share.
Analysts had forecast HP, which earlier this month confirmed its prior guidance for the first quarter, to post a profit of 35 cents a share, on average, within a range of 34 cents to 36 cents, on revenue of $19.4 billion.
For the current second quarter, HP said it expects earnings per share before items of approximately 34 cents on revenue of $19.2 billion to $19.6 billion.
Analysts currently expect HP to post a second-quarter profit of 34 cents per share, on average, within a range of 33 cents to 37 cents. Revenue is pegged at $19.2 billion, on average, within a range of $18.7 billion to $19.9 billion.