Aug 27 (Reuters) - HP Inc ( HPQ ) beat Wall Street

estimates for third-quarter revenue on Wednesday, driven by

growing demand for artificial intelligence-powered personal

computers and Windows 11 upgrade cycle.

A strong PC refresh cycle is expected after Microsoft ( MSFT )

ends support for Windows 10 in October, as users and

organizations seek to maintain security and access to the latest

features.

"We remain confident in the strength of the PC market

opportunity, and expect continued momentum from Windows 11

refresh and AI PC adoption," CFO Karen Parkhill said in a

statement.

The company's third-quarter revenue rose about 3% to $13.93

billion, handily beating analysts' average estimate of $13.70

billion, according to data compiled by LSEG.

HP forecast fourth-quarter adjusted profit per share between

87 cents and 97 cents, roughly in line with analysts' estimates

of 92 cents.

The company said its expectations for fourth-quarter

adjusted profit exclude about 12 cents per share for

restructuring, deal-related costs, intangible amortization and

tax items.

The company's adjusted profit per share of 75 cents for the

quarter ended July 31 aligned with estimates.

In the third quarter, revenue for the personal systems unit,

which houses both consumer and commercial PCs, grew 6% to $9.93

billion. Revenue for its printing segment, which includes

office-oriented printers and service offerings, fell 4% to $4

billion.