Net profit was up to just over $2 billion, which represented a rise of 14 percent on the same quarter last year. This was all the more impressive given that net revenue only rose by ten percent, implying HP is also getting more efficient.
"By accelerating our enterprise growth and executing well across the portfolio, HP delivered a strong third quarter performance," said Mark Hurd, HP chairman and CEO. "Our global position, broad product and services offerings and incremental cost saving opportunities make us confident that we'll continue to meaningfully expand earnings."
Overall revenues were around $28 billion, of which only $11.6 billion were from North America. The EMEA region showed revenue growth of 16 percent, Asia Pacific grew by 14 percent and the BRIC (Brazil, Russia, India and China) countries grew by 24 percent to represent ten percent of overall revenues.
HP profit up 14 percent - strong notebook sales
Posted on Wednesday, August 20 2008 @ 22:31 CEST by Thomas De Maesschalck