Hewlett-Packard reported quarterly revenue that topped analysts' projections on Wednesday as it works through an internal restructuring plan aimed at trimming costs as it shifts its focus toward higher-margin businesses.
The company posted fiscal-third-quarter earnings per share of 89 cents, compared to 86 cents a share in the year-earlier period. Revenue for the quarter came in at $27.59 billion, versus $27.23 billion in the year-earlier period.
Revenue increased 1 percent from a year ago, marking the company's first year-over-year sales increase in three years. Sales were boosted by a 12 percent year-over-year gain in personal systems unit revenue, which has a 4 percent operating margin.
HP CEO Meg Whitman said the firm will take up more market share in the PC space in the near future.