HP upbeat as posts 8pc rise in total sales

first_img HEWLETT Packard (HP), the world’s largest personal computer manufacturer, reported fourth quarter net revenue of $33.3bn (£20.9bn) yesterday, up $2.5bn, or eight per cent, year-on-year and raised its profit forecast for next year following higher global sales and growth in its core PC business.HP said it now expects earnings of around $5.16 to $5.26 per share on revenue of between $132bn and $133.5bn.It reported net profit for the fourth quarter ending 31 October of $2.54bn up from $2.41bn a year earlier.Revenue climbed 10 per cent in the Americas to $15.1bn, was up six per cent in Europe, the Middle East and Africa to $12.4bn and rose eight per cent in the Asia Pacific region to $5.8bn. Revenue from outside of the US accounted for 64 per cent of HP’s total.Profit at the core PC business rose 23 per cent, while shipments grew two per cent. Notebook revenue fell three per cent but desktop revenue leapt 13 per cent.Revenue at HP’s printer division jumped eight per cent, however profit remained flat. Printer revenue has stabilised recently but consumers seem to be printing less than in the past.Léo Apotheker, HP president and chief executive officer, said: “HP proved once again that it is able to execute given its market strengths and technology leadership. “I have seen first hand that we have talented people who are focused on delivering value for our customers. Our market opportunity is vast, and I am confident that we will extend our leadership into the future.” HP upbeat as posts 8pc rise in total sales whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Sharecenter_img whatsapp KCS-content Monday 22 November 2010 7:53 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *