It is high time for HP print shop to rejoice as CEO of the company, Dion Weisler, reveals breakthrough quarterly results in the sales of HP PC and printer in past six years.
The sales growth of HP personal systems and HP printer in the quarter has gone two times high for the first time in the period of six years in the same quarter.
Weisler said it is better than expected performance and almost all of its print shops have shown good sales result. The printer business grew by 2 percent and PC sector rose by 10 percent.
The top boss of HP further added that they are now segmenting the market to know where the company is seeking to win and how it could be achieved.
Following the announcement of higher than expected fiscal second quarter revenue the shares of HP initially jumped up to 7 percent and later fell back to 3 percent.
The beyond expected revenue was achieved even after the recent price rise of HP PCs. The company is also in the mood to increase price of its memory chips.
Meanwhile, HP is also focussing more on 3D printing segment, which is now a $55 billion market.
However, market analysts are continuing their big question amid volatile PC market whether HP would see the same strong results in the upcoming quarters.
About the printing business experts believe HP would continue to see further boost and investors may get some more good news in near future to fit to print.
The company revealed HP printing revenue grew by 2.3 percent to $4.74 billion while the PC segment rose by 9.6 percent to $7.66 billion in fiscal Q2.
If you are planning to buy a chosen printer, it is suggested to search on Google as “print shop near me” and head right now to the outlet as there are chances the machine may be out of stock due to bumper sale.