Feeds

HP makes things personal again in Q3

Computers and currency do their thing

Top 5 reasons to deploy VMware with Tegile

In a world of financial doom and gloom, sales of PCs are offering a glimmer of light. Don't believe us? Just look at Hewlett-Packard, which on Tuesday reported a third-quarter profit that beat Wall Street expectations and forecast healthy sales in the current period.

The chief driver for HP's success were sales of PCs, which rose 15 per cent. Notebook sales were particularly helpful, but HP also saw revenue from services jump 14 per cent and sales of printers and ink rise by 3.4 per cent.

HP also benefited from the weak US dollar, which generated highly favorable currency translations for international sales.

Third-quarter net income increased 14 per cent to $2.03bn, or 80 cents a share, from $1.78bn, or 66 cents, in the year-ago period. Profit after acquisition costs and other one-time expenses was 86 cents, three cents higher than the average analyst estimate. Sales rose 10 per cent to $28bn, though when adjusted for currency fluctuations, revenue increased only 5 per cent.

HP shares rose 2 per cent in after-hours trading, following the release of financial results.

HP isn't the only company enjoying growth in a challenging market. Last month, Apple broke revenue records thanks to bumper sales of Macs and iPhones. And in May, Dell posted strong results and for the first time said the majority of its revenue came from overseas customers.

Not everything in the HP report was hunky dory. Gross margins, the percentage of sales left after manufacturing costs, fell slightly from a year ago to 24.2 per cent. Higher costs of computer components and demand for cheaper machines helped contribute to the decline.

HP's earnings report is here. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.