HP Inc topped quarterly revenue forecasts and increased yearly profit estimates, Reuters informed. Company also informed about computers’ demand growth.

HP shares rose significantly.

New yearly profit forecast is $1,97-$2,02 per share. On average analytics expected this parameter at $1,97.

HP personal systems business, including laptops and desktops, accounts for 60% of total revenue. It grew by 14,5% to $8,76 billion in second quarter. Analytics’ expectations were at $8,28 billion.

Company took first place in the world for PC shipments with market share of 22,6% in the first quarter.

HP Inc, which finished purchase of Samsung Electronics Co’s printing business, informed about growth by 10,9% to $5,24 billion.

Net earnings increased by 89,3% to $1,06 billion in quarter finished on April 30.

Company’s revenue went up by 13,1% to $14 billion that is also higher than average estimate made by analytics.