Revenue from HP's Personal Systems Group climbed 10 percent to $11.2 billion, with unit shipments up 19 percent. A 21 percent jump in notebook sales offset a 2 percent decline in HP's desktop PC business.

Revenue from its Imaging and Printing group declined 1 percent to $7.5 billion. Sales of printer ink and other supplies climbed 9 percent, but sales of actual printer hardware declined by 21 percent in the consumer market and 10 percent to businesses.

The Enterprise Storage and Servers division also reported a slight dip in revenue, falling 1 percent to $5.1 billion. HP's storage gear and blade servers sold well, but revenue from industry-standard and high-end servers declined, HP said.

Revenue from the services division almost doubled to $8.6 billion, mostly from the EDS buyout, while revenue from software increased 13 percent to $885 million.

Despite the cautious outlook, Hurd sounded more confident on the call than the heads of some other big tech companies, notably Intel, Dell and SAP, which have all discussed a sharp slowdown in customer spending.