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2/28/2022, 10:19 PM (Source: TeleTrader)
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HP Inc Q1 revenue up 8.8% to $17B

Hewlett-Packard published on Monday its financial results for the first fiscal quarter of 2022, reporting a revenue of $17 billion to beat analyst estimates. The figure marks an 8.8% increase compared to the previous year's same quarter. Diluted earnings per share rose by 19% year-on-year to reach $0.99, while HP's net earnings stood at $1.1 billion.

"We once again delivered strong top and bottom-line results with record revenue driven by strong demand and our leadership in hybrid," said Enrique Lores, HP President, and CEO. "Our Q1 performance was particularly strong across our key growth areas that collectively grew double digits including gaming, peripherals, workforce solutions, consumer subscriptions, and industrial graphics and 3D."

Following the earnings report's release, HP stocks increased by 0.35% during after-hours trading.

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