HP revenue rose marginally to $15.41 bn despite Intel chip shortage

HP said its total revenue rose marginally to $15.41 billion.
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HP’s quarterly earnings increased marginally in the wake of higher sales from PCs and workstations.

Revenue from its personal systems unit, which makes notebooks and laptops, rose 3.6 percent to $10.43 billion in the fourth quarter. Sales from HP’s printer division, however, fell 6 percent to $4.98 billion.

HP is the second-biggest PC maker after China’s Lenovo Group with a 23.8 percent share of the market, according to data from research firm IDC.

Dell’s PC business sales rose 4.6 percent to $11.41 billion.

Net income of HP fell to $388 million, or 26 cents per share, in the quarter ended Oct. 31 from $1.45 billion, or 91 cents per share, a year earlier.

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