HP returns to revenue growth, driven by PC market recovery and AI demand

Revenue Growth News

HP returns to revenue growth, driven by PC market recovery and AI demand
HP Inc,Personal Computer

The turnaround was primarily driven by a recovery in the personal computer market, bolstered by demand for artificial intelligence-capable systems. The PC...

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- HP Inc beat Wall Street estimates for third-quarter revenue on Wednesday, marking its first quarter of revenue growth after eight consecutive quarters of decline.

Demand is also expected to surge as companies roll out AI-capable PCs equipped with advanced, powerful processors designed for AI tasks. For the third-quarter, HP posted a 2.4% increase in revenue to $13.52 billion, compared with analysts' average estimate of $13.38 billion,according to LSEG data. HP also tightened its fiscal year 2024 adjusted profit forecast to be in the range of $3.35 to $3.45 per share, compared with its prior outlook of between $3.30 to $3.60 per share.Blackhawks goaltender Brossoit will miss the start of training camp after knee surgery

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