HP quarterly revenue beats, shares jump

Hewlett-Packard Co's fourth-quarter revenue beat expectations as rising gross sales from its key enterprise crew helped offset a shrinking private computer trade, an optimistic signal that sent its shares rallying greater than 7 p.c. HP posted earnings of $29.1 billion, beating the $27.9 billion expected by way of analysts, in keeping with Thomson Reuters I/B/E/S. Income fell across most of HP's trade divisions with the exception of the endeavor group, whose gross sales edged up 2 p.c to $7.6 billion. Chief Executive Meg Whitman, who took the helm of the world's greatest PC maker more than a 12 months ago, stated final month she expects revenue to stabilize in 2014, with some areas of boom for the company.