Hewlett-Packard turns in profit


Hewlett-Packard turns in profit

Hewlett-Packard has reported first-quarter net income of  $936m (£495m).

Excluding special items such as restructuring costs and acquisition charges, HP posted an operating profit of $1.4bn. Revenue for the quarter, which ended 31 January, totalled $19.5bn, slightly above analysts' estimates of $19.4bn. Revenue grew about 9% from the same quartrer the previous year.

HP's Enterprise Systems unit, which makes products including storage and servers for large enterprises, turned itself around in the quarter from a loss the same period the previous year. The unit posted an operating profit of $108m.

Revenue from both desktop and server PCs boosted the personal systems division, and the Imaging and printing business posted record revenue.

Stephen Lawson writes for IDG News Service

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy