Hewlett-Packard on Thursday said it expected technology spending to rebound in the coming year and propel the top PC maker to at least a 17 per cent gain in earnings per share.

Revenue should increase more than 3 per cent to about $117bn, cost savings from the $13.9bn purchase of Electronic Data Systems will continue, and the company remains on the lookout for more acquisitions, chief executive Mark Hurd said at an annual gathering for Wall Street analysts.