HP reports SIZZLING results
Well, HP have come out with an absolutley sizzling set of results for the second quarter. Following close on the heels of Lexmark, Xerox and Epson all reporting results in line with our summer so far, HP is undoubtedly the star of the show - and we say hurragh to them!.
The company’s quarter resulted in a 16 per cent year-over-year rise in revenue to $25.4bn. Net income surged as well, rising 29 per cent to $1.8bn “We had our strongest revenue growth since 2000,” said HP’s CEO Mark Hurd.
All divisions performed well, with strong gains in the PC market (where they have been the number 1 for nearly a year now), but where we are interested in the printing segment they reported that they boosted revenue 8 per cent to $6.8bn and turned in a $981m profit, up from $884m.
Watch this space, as we say ‘Well done to HP’ they truly are the market leader
