(AOF) – HP Inc shares jumped nearly 10% to 35.30 dollars while the Dell title climbs 4.81% to 57.30 dollars. Investors welcome the good results of IT groups, which are benefiting from the acceleration of the digitalization of the world. In the fourth quarter, which ended at the end of October, HP Inc reported net income up 364% to $ 3.1 billion, or 2.71 per share. Excluding special items, earnings for the personal computer and printer company reached 94 cents per share, beating consensus by 6 cents.
Its revenue grew 9.3% (+ 6.9% at constant exchange rates) to $ 16.68 billion. It is 8.58% higher than expected.
PCs saw their revenues jump 13% (+ 10% at constant exchange rates) to $ 11.8 billion. The activity was supported by the 25% growth in sales to businesses and administrations.
HP Inc.’s printer activity recorded sales up 1% (stable at constant exchange rates) to 4.9 billion. Here too, activity is supported by the professional segment: + 19%.
Despite its good results, the PC and printer maker has confined itself to confirming its annual targets. He therefore still anticipates adjusted earnings per share of between $ 4.07 and $ 4.27 for fiscal year 2022.
For its part, Dell reported third-quarter net income of $ 3.89 billion, or $ 4.87 per share, against $ 832 million a year earlier, or $ 1.08 per share. Excluding exceptional items, EPS stood at 2.37 dollars, above the consensus which anticipated 2.3 dollars.
The IT group’s revenue rose 21% to $ 28.39 billion, while analysts polled by FactSet were targeting $ 27.37 billion. PC sales jumped 34% to $ 16.5 billion, to a record high in both the home and business segments.
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