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

HP said its total revenue rose marginally to $15.41 billion.
HP India promotion
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.