|
|
|
24 Nov 2009
A boom in services sales helped PC titan HP bank an extra $300m (£181m) in profit during its closing fiscal quarter, despite an eight per cent drop in overall revenue.
The vendor saw turnover for the three months to the end of October drop eight per cent annually to $30.8bn. Despite this, net profit rose 14 per cent year on year to $2.4bn. Full-year revenue fell by three per cent to $114.6bn, but HP predicts this will rise to between $118bn and $119bn next year.
PC revenues dropped 12 per cent in Q4 to $9.86bn, despite an eight per cent hike in shipments. Storage and server revenue plummeted 17 per cent to $4.26bn.
Further reading
Sales from HP's Imaging and Printing division were $6.45bn, down 15 per cent on the same period last year. Services continued to be the vendor's brightest prospect in Q4, with revenue up eight per cent to $8.9bn. The division has enjoyed healthy growth since HP splashed out $13.9bn on IT services behemoth EDS last year.
Geographically, EMEA was HP's weakest region in Q4, with revenue down by 17 per cent.
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say