Hewlett-Packard has posted a
year-on-year 10% increase in sales and 20% increase in operating
profits for the third quarter, despite concerns that the PC
industry could be hit by the economic downturn.
For the third quarter ended 31 July, HP said sales reached £14bn
and its operating profit was £1.25bn.
"By accelerating our enterprise growth and executing well across
the portfolio, HP delivered a strong third-quarter performance,"
said HP CEO Mark Hurd.
"Our global position, broad product and services offerings and
incremental cost saving opportunities make us confident that we'll
continue to meaningfully expand earnings," he said.
HP's PC division saw sales grow 15% year-over-year, with unit
shipments up 20% on a year-over-year basis.
Notebook revenue for the quarter grew 26% over the previous
year, while desktop revenue increased 6%.
Commercial client revenue grew 15% year-over-year, while
consumer client revenue increased 17%.
According to analysts, HP is still ahead of Dell when it comes
to the number of PCs shipped worldwide.
The company's acquisition of services firm EDS is expected to be
completed in the fourth quarter.
Notebooks drive PC sales as desktop figures decline
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