Growth in HP's printing and imaging arm grew 6% year-on-year, while supplies revenue also grew at a rate of 8%.

The group recorded a 6% growth in the amount of printer units shipped, and both consumer printer and commercial printer hardware units were up across the board, 4% and 9% respectively.

IPG's input contributed to the group's strong second-quarter financial results, with net profit rising to $2.1bn, up from $1.8bn last year.

HP cited continued momentum behind the "solid growth" in both its Graphic Arts and Enterprise businesses, with operating profits totalling $1.2bn.

Elsewhere, the company experienced mixed results in its hardware revenues with commercial hardware revenue growing 6%, but consumer hardware declining 3%.

Mark Hurd, chairman and chief executive of HP, said the company "turned in another strong quarter, supported by improvement across our businesses".

He added: "With 70% of revenue now coming from outside the US, we benefited from robust demand in emerging economies."

Europe, the Middle East and Africa reported revenue growth of 16%, totalling $11.9bn.