HP has logged an eight per cent quarterly revenue jump and an 11 per cent rise in earnings per share on the back of strong sales in its storage, PC and printing businesses.
Chief executive Leo Apotheker, three weeks into his reign at HP, said that he is confident in the company's long-term outlook.
"HP proved once again that it is able to execute given its market strengths and technology leadership," he said. "I have seen first hand that we have talented people who are focused on delivering value for our customers."
HP's enterprise storage and servers business posted revenues of $5.3bn (£3.3bn), up 25 per cent from the last quarter, while blade systems posted 51 per cent revenue growth over last year.
Much like rival vendor Dell, HP saw strong gains in enterprise PC sales over the previous year's quarter.
HP's Personal Systems Group reported a 20 per cent increase in commercial client revenues and a 13 per cent increase in the desktop market.
The increases were offset in part by a 10 per cent drop in consumer client revenue and a three per cent drop in notebook revenues.
The Imaging and Printing Group posted revenues of $7bn (£4.4bn) on the quarter, up eight per cent from last year.
The report wraps up a 2010 fiscal year in which HP logged revenues of $126bn (£79bn), up 10 per cent from 2009. The company expects yearly revenues of $132bn to $133.5bn (£83bn to £83.9bn).
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