The maker of expensive printer ink, HP, reported a quarterly revenue that thrashed analysts’ estimates, thanks to growth in its systems business that sells notebooks and desktops and the acquisition of Samsung’s printer business.
The personal systems business, which accounts for more than 60 per cent of HP total revenue, rose 11 percent to $10.06 billion, beating analysts’ average estimate of $9.78 billion.
The company had the second position in worldwide PC shipments in the third quarter with a 22.8 percent market share, down from 23.9 percent in the preceding quarter, according to research firm International