Hewlett-Packard reported results and an outlook that outstripped what Wall Street was expecting from the company, as strong server sales and a revival in its printing segment boosted results.
HP reported net income of $2.3 billion, or 96 cents a share, in its fiscal first quarter ended Jan. 31, up from $1.9 billion, or 75 cents a share, in the year-ago period.
Excluding items, it earned $1.10 a share, beating the average Wall Street estimate of $1.06 a share, according to Thomson Reuters.
Sales for the most recent quarter rose to $31.2 billion, up from $28.8 billion.
Its profitable printing business rebounded from a slump during the recession, with sales rising 4 percent in the fiscal first quarter, and supplies revenue growing 1 percent.