The Register® — Biting the hand that feeds IT

HP results shrug off scandal

Not just an ink/pretexting giant

Free whitepaper – PowerEdge energy Smart brochure

HP made revenues of $24.6bn in the fourth quarter ended 31 October 2006 – up seven per cent on the same period last year.

GAAP operating income was $1.7bn, up from $0.4bn last year, giving earnings per share of 0.68 cents.

CEO and chairman Mark Hurd welcomed the results and said they were evidence of the success of the company’s restructure: "We are well on our way to building a more competitive HP that creates further value for our shareholders”

Personal Systems Group grew revenues ten per cent to $7.8bn and unit shipments grew 16 per cent, making an operating profit of $336m. Imaging and printing revenues were $7.3bn, an increase of seven per cent,which produced a profit of $1.1bn.

HP’s Enterprise Storage and Servers division brought in $4.7bn, up four per cent on last year, and made an operating profit was $502m. HP Services made revenues of $4.1bn – up five per cent, and made a profit of $505m.

HP’s Software division made $349m, an increase of 14 per cent on last year. Operating profit was $60m. HP Financial services made $545m and a profit of $35m.

For first financial quarter of 2007 HP expects revenues of between $24.1bn and $24.3bn and earnings per share of between 55 and 57 cents.®

Free whitepaper – Migrating to the new Dell Management Console

Don’t Miss

DustbinDirty, dirty PCs: The X-rated picture guide

Ventblockers Horror beyond human imagination

SC09Top 500 supers - rise of the Linux quad-cores

SC09 Jaguar munches Roadrunner

Ubuntu teaser Early adopters bloodied by Ubuntu's Karmic Koala

Smooth Windows upgrade it ain't

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes