HP have posted their Q1 2013 results which have shined just beyond their expectations. Reaching a total of $28.4 billion in revenue and $1.2 billion in profit. Their net revenue shows a 6% drop year over year with their net profit seeing a 16% drop itself.
“We beat our non-GAAP diluted EPS outlook for the quarter by $0.11 per share, driven by improved execution, improvement in our channel and go-to-market efforts and the impact of the restructuring program we announced in May 2012,” said Meg Whitman, HP president and chief executive officer. “While there’s still a lot of work to do to generate the kind of growth we want to see, our turnaround is starting to gain traction as a result of the actions we took in 2012 to lay the foundation for HP’s future.”