However, the manufacturer reported that revenues were down just 5% when adjusted for the effects of currency and up 12% on the previous quarter.

As a result, HP has raised its 2010 full year revenue estimate to between $US118bn and $US119bn, which is up from the company’s previous estimate of between $117bn and $118bn.

Mark Hurd (pictured), chairman and chief executive at HP, said: “Solid execution drove exceptional performance for HP this quarter, fuelled by significant growth in China.”

“We are delivering on our strategy and are well positioned going into 2010.”

Read the original article at www.printweek.com.

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