HP Inc. Sees Growth in Q1 2025

HP Inc. has announced a 2.4% increase in revenue for the first quarter of fiscal 2025, reaching $13.5 billion. This growth is attributed to a strong performance in its commercial business within the Personal Systems sector and significant advancements in key growth areas, including AI PCs.

Financial Performance and Future Outlook

Despite the revenue growth, the company's net income saw a decrease to $565 million, or $0.59 per diluted share, down from $622 million in the same period last year. Looking ahead, HP projects its GAAP diluted net EPS for the second quarter of fiscal 2025 to range between $0.62 and $0.72.

Karen Parkhill, HP CFO, emphasized the company's commitment to financial discipline and future investments, stating, "In Q1 we drove solid progress against our financial commitments for the year and are raising our Future Ready savings target from $1.6 to $1.9 billion by the end of fiscal year 2025. We are holding our outlook for the year and remain focused on disciplined execution as we continue to invest for the future."

Market Reaction

Following the announcement, HP Inc.'s shares experienced a 1.84% decline in after-hours trading, reflecting investor reactions to the quarterly financial results.