
HP Inc. has reported its first quarter of revenue growth after eight consecutive quarters of decline, driven by a resurgence in corporate computer purchases and increased demand for AI PCs. The company's third-quarter revenue rose by 2.4% year-over-year to $13.5 billion, surpassing Wall Street estimates of $13.4 billion. Despite this positive revenue growth, HP's stock fell as shares slipped due to an earnings miss. The company's printing revenue declined by 3% to $4.14 billion. HP CEO Enrique Lores highlighted AI PCs as an 'incredible growth opportunity' and stated that the company will continue to invest in its partners to capitalize on this opportunity. The launch of HP's next-generation AI PC lineup was noted, although shares were down 3% after hours. HP has also increased its share repurchase authorization to $10 billion.

HP returns to growth, but stock falls as profit comes up short https://t.co/SLgoj6v3aT
PC sales rebound helps HP return to revenue growth, but its stock falls on earnings miss https://t.co/C6deFa3xT3
HP has all the chips it needs for new AI PCs. CEO @EnriqueJLores on the @YahooFinance mics. https://t.co/PMU2V7K9T9