HP Posts Promising First Quarter 2010 Results
HP Posts Promising First Quarter 2010 Results
Posted 02/19/2010 at 6:24am
| by Paul Lilly
1
Comment
Print
HP on Wednesday posted its first quarter financial results for 2010, noting net revenue of $31.2 billion, up 8 percent for a year ago and 5 percent when adjusted for the effects of currency.
"HP is well-positioned to outperform the market," said Mark Hurd, HP chairman and chief executive officer. "The strength of our portfolio, leaner cost structure, and accelerating market momentum give us the confidence to raise our full-year outlook."
It was a good quarter for HP's printer, enterprise storage and servers, and Personal Systems Group sectors, each of which posted increases in revenue, with the biggest bump a 26 percent hike in PSG. That's a different scenario from last quarter, when most of HP's main businesses posted declining sales.
"We haven't seen the kind of ASPs [average selling prices] we had in industry-standard servers for a long time," Hurd said on a conference call.
More like this
1
Comment
Comments are closed on this article
JohnP
February 20, 2010 at 1:00pm
PCWorld once again rates HP's PCs at the bottom of the heap for service, support, and reliability. Of course, when you are the biggest seller (I think), that means that more people who have had problems do the survey than ones where everything is working OK, skewing the results.
But really, why bother with the PC market? IBM got out of it and is doing well. The margins are small, the support is a pain, and the market is getting flooded with Asian competition. Let them have it. Sell boutique machines like Apple.
Connect with MaximumPC
Featured Content
The gang discusses the GTX 690, Trinity, Ivy Bridge, Amazon, big-box stores, MMOs,...
This month's issue
Feature
Build a PC On Any Budget
Feature
Cloud Services Showdown
How-To
Encrypt Your External Drive
Build It
Upgrade an X58 Rig
Most Commented Articles
Latest Max PC Tweets
- maximumpc: Original RickRoll Video Returns to YouTube After 24-Hour Copyright Hiatus http://t.co/MaH9Sxyy6 hours 11 min ago
- maximumpc: Corsair has decided not to go forward with its $78 million IPO, citing weak equity market conditions http://t.co/A5a4DAzj6 hours 21 min ago
- maximumpc: Want to work at Maximum PC? Our Online Managing Editor, Alex, is moving away, so we need a new one. http://t.co/9Z7JCh0E2 days 4 hours ago
