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HP Inc quarterly profit jumps 89.3 percent

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HP Inc quarterly profit jumps 89.3 percent
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(Reuters) – HP Inc <HPQ.N> reported an 89.3 percent rise in second-quarter profit on Tuesday, partly helped by strong growth in its personal systems business that includes notebooks and desktops.

Net earnings rose to $1.06 billion (£800 million), or 64 cents per share, in the second quarter ended April 30, from $559 million, or 33 cents per share, a year earlier.

Net revenue rose to $14 billion from $12.39 billion.

The company also named Steve Fieler as its chief financial officer, effective July 1, succeeding Cathie Lesjak.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)

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