Computer maker Hewlett Packard has reported good Christmas sales with a profit of over $1.8 billion (£900 million) for its first quarter.
The quarter profit for the three months ending January 31st 2007 translated to $0.55 per share on the market, up from $0.42 during the same period in 2006.
Strong Christmas computer sales saw revenue of $25.1 billion (£12.5 billion), up 11 per cent from the year prior. Europe, the Middle East and Africa saw strong growth with a 14 per cent rise in revenue.
Sales in the Asia Pacific region were the strongest, with a revenue increase of 15 per cent to $4 billion (£2 billion). American sales grew six per cent over the period.
HP's personal computer system sales showed the strongest growth, with notebook revenue pushing revenue figures. Sales for notebooks grew 40 per cent year-on-year.
"HP delivered a strong first quarter, with improved margins and solid revenue growth across our businesses," said Mark Hurd, HP chairman and chief executive officer.
"We have a lot of work and opportunities ahead of us. I am confident we can continue to execute with discipline and deliver a year of strong financial returns."
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