Feeds

HP turns in fat profit for Q3

Revenues up by 11 per cent

  • alert
  • submit to reddit

Intelligent flash storage arrays

Hewlett-Packard said yesterday evening it had recorded a net profit increase of 37 per cent in its Q3 while revenues grew by 11 per cent, year on year. Its net profits amounted to $853 million for the quarter, compared to $621 million in Q3 1998, while revenues rose to $12.2 billion. European growth was strong, with the contribution rising to $4 billion, 13 per cent increase. The PC and imaging businesses grew by 12 per cent, accounting for $10.3 billion of turnover. Its Unix business also showed solid growth, said HP, but storage revenue fell sharply, as the company moved to a high end storage model. Its laser, printer and scanner businesses also grew significantly. HP managed to cut its cost of sales figures, while its expenses for the period remained largely the same. ®

Beginner's guide to SSL certificates

More from The Register

next story
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
Google bags OBSCENELY LARGE Times Square ad space for New Year's
Choc Factory pays millions for whacking new digital screen
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.