Feeds

Everything still fine and dandy with HP in Q4

On the up and up and up

Top three mobile application threats

Ongoing cost-cutting measures at Hewlett-Packard continue to make their quarterly earnings a cheerful affair for stockholders — although probably not for the 15,000 former employees sacrificed since 2005 to buoy profits.

The largest PC vendor's fourth quarter results beat analyst expectations today, and the company offered a solid outlook for the next quarter.

"We are effectively balancing our growth, investments and cost reduction initiatives" said CEO Mark Hurd during an investor conference call today. "While our fourth quarter results showed marked improvement, we still have work to do and investments to make."

Net revenue for the quarter was $28.3bn, up 15 per cent from $24.6bn a year earlier. Analysts were expecting revenue to land around $27.5bn.

Meanwhile, the Q4 operating profit was up 38 per cent year-over-year to $2.6bn.

"Strong performance across our businesses was highlighted by sharp improvements in our software segment," elaborated Hurd.

HP software revenue doubled over the prior-year period to $698m. The company said growth was led by the businesses acquired in their purchase of Mercury Interactive last year.

Notebook revenue grew 49 per cent year-over year to $5.16bn. Desktop revenue made a smaller jump of 15 per cent from last year to $4.2bn.

HP's server biz grew 10 per cent year-over-year to $5.2bn. Sales of x86 systems increased 14 per cent, while x86 blade revenue leaped 78 per cent. Storage revenue grew 7 per cent.

The imaging and printing group revenue grew 4 per cent year-over-year to $7.6bn (or about the cost of five ink cartridges). HP relies heavily on the printing biz, which makes up around 29 per cent of sales.

HP estimates Q1 '08 revenue will be approximately $27.4bn to $27.5bn. The company also announced its board of directors have authorized an additional $8bn for future repurchase of shares of HP common stock. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.