HP has reported a net income of $884 million for its second fiscal quarter ended April 30, 2004, an increase of 34 percent from a year earlier. HP correlates this results with enterprise equipment, personal computers and notebooks sales improvements.
HP also posted a quarter record revenue (in PCs, enterprise hardware, software, services and imaging and printing) of $20.1 billion, an increase of 12% year-over-year. It was the first time HP surpassed the $20 billion quarterly revenue milestone, in its history. During the quarter, revenue in the Americas, Europe, Asia Pacific and Japan grew 4%, 17%,22% and 21% to $8.4, $8.3, $2.4 billion and $967 million.
The company’s Technology Solutions Group , which consists of Enterprise Storage and Servers, Software and HP Services, reported revenue of $7.7 billion, up 11% from the prior year. Operating profit for the quarter totaled $400 million, up $108 million year-over-year.
Enterprise Storage and Servers reported revenue of $4billion, up 8% and Imaging and Printing division group, grew 11%. Revenue in Personal Systems grew 17%, in HP Services 15% and in Software 23%.
HP raised its second half 2004 revenue estimates to a range of $39.7 billion to $40.7 billion.
Notícias – Press-Releases