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HP on its way to become biggest tech company

Posted on Tuesday, November 21 2006 @ 00:50:16 CET by

HP is on its way to come the largest tech company, BusinessWeek reports. Currently this title still belongs to IBM but HP is getting closer and closer:
Even HP's inconsistent corporate computing arm, a frequent money-loser in the past, delivered a 42% increase in operating profits, on 4% revenue growth, to $4.7 billion for the quarter. And two of HP's historic weak spots—PCs and software—showed impressive gains. The PC unit recorded revenue growth of 10%, while sales for the software unit grew 14% for the quarter. Says Hurd: "This was one of the most balanced financial performances we've delivered in a long time."



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