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HP Inc. (NYSE: HPQ) and Hewlett Packard Enterprise Co. (NYSE: HPE) reported their most recent quarterly results after the markets closed on Thursday. Each report was fairly positive, and these split companies both appear to be on the right track.

As for HP, the company said that it had $0.48 in earnings per share (EPS) on $14.5 billion in revenue, compared with consensus estimates from Thomson Reuters that called for $0.42 in EPS on $13.49 billion in revenue. The first quarter from last year had $0.38 in EPS on $12.68 billion in revenue.

HP reported its first quarter segment results as:

• Personal Systems net revenue was up 15% year over year (up 13% in constant currency) with a 3.6% operating margin. Commercial net revenue increased 16% and Consumer net revenue increased 13%. Total units were up 7% with Notebooks units up 8% and Desktops units up 6%.
• Printing net revenue was up 14% year over year (up 12% in constant currency) with a 15.8% operating margin. Total hardware units were up 14% with Commercial hardware units up 73% and Consumer hardware units up 7%. Supplies net revenue was up 10% (up 10% in constant currency).

For the fiscal second quarter, the firm expects to see EPS in the range of $0.45 to $0.49. There are consensus estimates calling for $0.44 in EPS on $13.0 billion in revenue for the coming quarter.

Shares of HP closed Thursday at $21.40, with a consensus analyst price target of $24.53 and a 52-week range of $16.48 to $24.10. Following the announcement, the stock was up 7% at $22.95 in the after-hours session.

In terms of HPE, the firm posted $0.34 in EPS on $7.7 billion in revenue, versus consensus estimates that called for $0.22 in EPS on $7.07 billion in revenue. The same period from last year had $0.45 in EPS on $11.41 billion in revenue.

The company reported its segment results as:

• Hybrid IT revenue was $6.3 billion, up 10% year over year and up 9% when adjusted for currency, with a 9.6% operating margin. Compute revenue was up 11%, up 10% when adjusted for currency, Storage revenue was up 24% and up 23% when adjusted for currency; DC Networking revenue was up 27%, up 25% when adjusted for currency; and Pointnext revenue was up 2%, flat when adjusted for currency.
• Intelligent Edge revenue was $620 million, up 9% year over year and up 7% when adjusted for currency, with a 2.9% operating margin. HPE Aruba Product revenue was up 9%, up 7% when adjusted for currency, HPE Aruba Services revenue was up 6% and also up 6% when adjusted for currency.
• Financial Services revenue was $888 million, up 8% year over year and 5% when adjusted for currency effects, net portfolio assets were up 6%, and financing volume was up 7%. The business delivered an operating margin of 8.1%.

Looking ahead to the fiscal second quarter, the company expects to see EPS in the range of $0.29 to $0.33. There are consensus estimates calling for $0.26 in EPS on $7.05 billion in revenue.

Shares of HPE closed Thursday at $16.43, with a consensus analyst price target of $15.82 and a 52-week range of $12.70 to $17.07. Following the announcement, the stock was up 16% at $19.14 in the after-hours session.