HP REPORTS FLAT REVENUE BUT BEATS THE WALL STREET TARGETS


Hewlett-Packard Inc, popularly known as HP Inc, was found in the year 1980 by William R Hewlett and David Packard.

It has its headquarters in California, United States. It is mostly associated with the hardware and printer industry. It is one of the key players who have been in the set of top companies for many years. They offer a variety of printers and laptops that are highly-reliable and efficient. In the month of May 2019, HP Inc released its revenue details to the press.

Each year, during the end of each quarter, the Wall Street Analysts analyze the revenue of each key player. Similarly, they predicted the revenue of HP Inc for the last quarter. But to its surprise, HP Inc has surpassed the predictions of the wall street analysts. It had a revenue of $14.04 billion by the end of the second quarter. It was less compared to the previous year, but it was slightly above the predictions. They expected HP Inc’s revenue to be around $13.95 billion, but it turned out to be $14.04 billion. With the revenue drop, the sales of the printers and its supplies also reduced by 2%.

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