The company’s Imaging and Printing Group (IPG) revenue increased 9 per cent to US$6.2 bn. Supplies revenue was up 5 per cent, while Commercial hardware revenue and Consumer hardware revenue increased 28 per cent and 4 per cent, respectively.

Printer unit shipments increased 16 per cent, with commercial printer hardware units up 44 per cent and consumer printer hardware units up 9 per cent. Operating profit was US$1bn compare with US$960m in the prior-year period.

Cathie Lesjak, chief financial officer of HP says, “The broad-based strength of HP’s Q3 performance further demonstrates the power of our strategy and the discipline of our execution.

“We raised our full-year outlook and are continuing to build momentum in driving out costs, investing for profitable growth and capitalising on HP’s competitive advantages in the marketplace.”

HP has forecast an estimated revenue in its fourth quarter of approximately US$32.5bn to US$32.7bn. For the full year, HP expects revenue in the range of US$125.3bn to US$125.5bn.

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