HP reports first-quarter increase of 9%
Hewlett-Packard is expected to report $19.5bn in revenue for its first financial quarter.
Hewlett-Packard is expected to report $19.5bn in revenue for its first financial quarter.
The company updated its financial expectations ahead of its earnings announcement due next week.
HP had expected to record first-quarter revenue between $19.1bn and $19.5bn when it reported fourth-quarter results in November.
Analysts had expected HP to record $19.4bn in revenue.
First-quarter 2004 revenue will come in 9% higher than the $17.9bn recorded in the first quarter of 2003.
Tom Krazit writes for IDG News Service