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HP Earnings up 25%

Posted on 18 February 2010 by komplettie

According to its latest figures, Hewlett Packard has managed to best its own estimates for the first quarter of this year, with profits rising an impressive 25%.

Still seems strange to see HP at the top of the heap, fair play :)

Word comes from Cnet of the announcement, which saw the company manage to achieve a net revenue of $31.2 billion and putting earnings at $2.32 billion. While the increase in revenue amounts to a fairly impressive 8%, the earnings increase manages to swell to a far more noteworth 25%. Certainly, given the current financial climate, HP will be happy to not only have sustained growth, but to have grown profit by such a large magnitude.

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