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HP Inc on Tuesday posted quarterly earnings above analysts’ estimates as higher sales of personal computers and workstations helped counter weakness in its printer business.
Revenue from its personal systems unit, which makes notebooks and laptops, rose 3.6% to $10.43 billion in the fourth quarter, beating estimates of $10.29 billion.
HP is the second-biggest PC maker after China’s Lenovo Group Ltd. (0992.HK), with a 23.8% share of the market, according to data from research firm IDC.
The company’s upbeat results come as it tries to fend off a $33.5 billion takeover bid from Xerox Corp (XRX.N).