Hewlett-Packard has beaten expectations for its first fiscal quarter of 2010.
The company reported on Wednesday net revenue of $31.2 billion and earnings of $2.32 billion, or 96 cents per share. That's an 8 percent boost from revenue of $28.8 billion and a 25 percent boost from earnings of $1.86 billion, or 75 cents per share, in the same quarter a year ago.
Wall Street was expecting earnings of $1.06 per share and revenue of $30.01 billion. Analysts who track HP had been anticipating strong gains in the PC and server businesses, which … Read more