Tech

HP Inc. Gets Lift From Stabilizing PC Market

By Reuters
Weisler, HP's EVP of printing and personal systems, shows off his company's new 3D printer at the Intel keynote at the International Consumer Electronics show in Las Vegas
Dion Weisler, HP's EVP of printing and personal systems, shows off his company's new 3D printer at the Intel keynote at the International Consumer Electronics show (CES) in Las Vegas, Nevada January 6, 2015. REUTERS/Rick Wilking (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY) - RTR4KBA1
© Rick Wilking / Reuters REUTERS

HP Inc, which houses the hardware business of former Hewlett-Packard, reported a 3.6% rise in quarterly revenue, largely helped by a stabilizing PC market.

However, the company’s net earnings from continuing operations fell to $611 million in the first quarter ended Jan. 31, from $650 million a year earlier.

The company’s earnings per share from continuing operations remained flat at 36 cents.

Revenue rose to $12.68 billion from $12.25 billion.