HP Inc has reported a revenue increase for the second quarter of this year as its PC and printing businesses grew simultaneously for the first time since 2010.
For the three months ending 30 April, HP saw revenue rise seven per cent year on year to just under $12.4bn.
HP's personal systems division, which encompasses notebooks, desktops and workstations, saw net revenue increase 10 per cent year on year to $7.7m, while the printing division saw net revenue up two per cent year on year to $4.7m.
"This was a breakthrough quarter for HP, and marks the first time both Personal Systems and Print have grown in the same quarter since 2010," said HP CEO Dion Weisler.
"We're delivering solid performance across our portfolio, in all regions, and on key financial metrics.
"Our team is taking profitable share, out-executing our competitors and delivering some of the best innovation in HP's history. It's clear our reinvention is paying off."
HP's PC revenue growth will be seen as another boost for the struggling PC market, after Chinese vendor Huawei threw its hat into the ring by launching a range of personal systems earlier this week.
Further encouragement comes in Lenovo's full-year report, with the vendor seeing revenue up 4.9 per cent year on year for the three months ending 31 March to $9.6bn, which it attributed specifically PC and device sales.
Quarterly sales in the PC and Smart Devices division were up $4.9 per cent to $6.7bn.
Lenovo CEO Yang Yuanqing said: "Despite challenging market conditions, Lenovo saw revenue resume to growth in the fourth quarter, after five quarters of decline.
"To drive further growth, we have clearly defined the three-wave strategy. We will maintain PC leadership in scale, profitability and innovation in the first wave, while building our second wave, mobile and datacentre businesses into growth engines.
"Simultaneously, we will execute our third wave of 'Device + Cloud' and 'Infrastructure + Cloud' to capture the opportunities brought by new technologies. With this new strategy, we are confident to achieve long term, sustainable growth."
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