What They Say
HP reported its fiscal Q1 2021 revenue result which was up 7.0% from last year to $15.6 billion. $10.6 billion was in personal systems, up 7.2%. Non-GAAP operating profit was $1.477 billion with $758 million coming from the personal systems business. All regions, apart from APAC, were up on a year ago.
What We Think
It would have been a surprise if HP hadn’t profited from the demand for personal computing devices. (BR)
