A revival in the printing segment and strong server sales has resulted in very positive results for the Hewlett Packard Company. The Wall Street beyond what it expected from the company. The company has surprised many analysts and brokerage firms by positing fantastic results and a great outlook.

The environment for technology spending has improved after the stimulus packages and the companies have started spending more benefiting the company by staggering figures of server sales. The company's server business grew 27%, its personal computer business 20% and its printer unit 16% along with the sales being $31.2 billion for the current quarter, up from $28.8 billion. It reported net income of $2.3 billion, or 96 cents a share, in its fiscal first quarter ended Jan. 31, which was higher if compared to $1.9 billion, or 75 cents a share, same time in the last year.

The business suffered a lump in the recessionary period when companies decided to cut costs and excessive use of technology was also axed and the company hence faced the heat.

HP shares ended 1% higher on Wednesday's extended trading session. The stock ended on the New York Stock Exchange session up by1.4% at $50.15.