Feeds

Printers and PCs power HP's second quarter

Healthy, happy Hurd

High performance access to file storage

A jovial Mark Hurd today celebrated a second quarter in which HP posted a double-digit rise in revenue.

HP reported revenue of $26bn for the quarter, notching a 13 per cent year-over-year jump. Revenue increased 10 per cent year-over-year in constant currency. PCs, printers and x86 servers all did their part during the quarter with sales and profits elevating in all three areas.

"We had a strong second quarter across the product portfolio," Hurd said, during a conference call with financial analysts.

At other times during the conference call, Hurd broke away from his typically staid manner to kid around with the Wall Street crowd. The CEO told one analyst that he's put in extra study time, preparing for a question around currency issues. Hurd then went on to try his hand at a few one-liner, although we'll spare you the "gags."

The CEO's good cheer seems reasonable enough. HP has almost put its spy scandal away, and the company continues to post consistent results thanks to ongoing cost-cutting measures.

HP did, however, see its net earnings slip 7 per cent to $1.8bn, so the cost-cutting has only gone so far.

PC sales jumped 24 per cent year-over-year to $8.7bn. Notebooks drove the growth with revenue rising 45 per cent, as compared to desktop sales which rose just 9 per cent. HP's total computer shipments increased 30 per cent, and the computer business posted a profit of $417m.

The imaging and printing unit enjoyed a 6 per cent revenue rise to $7.2bn and turned a $1.2bn profit. My how ink pays.

The corporate hardware group saw revenue rise 8 per cent to $4.6bn. HP plugged gains in the x86 and blade servers markets, along with increasing Itanium-based server sales. Overall, the hardware business contributed a $407m profit.

The company's services group watched revenue rise 7 per cent to $4.1bn and posted a $459m profit. Meanwhile, HP's software unit pushed revenue higher 58 per cent to $523m and posted a $42m profit.

The company is looking for third quarter revenue to come in between $23.7bn and $23.9bn. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.