HP Sales Up, Profits Down - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

HP Sales Up, Profits Down

Hewlett-Packard on Wednesday reported revenue of $11.7 billion for its first fiscal quarter ended Jan. 31, more than half of which came from sales outside the United States. Overall sales were up 14% from the same period last year, while net income was down 10% at $794 million after factoring in one-time costs, including the spin-off of Agilent Technologies Inc.

HP's $6.7 billion in sales outside the United States made up 57% of the company's business, with the fastest growth coming in the Asia-Pacific region. That region reported 46% growth to $1.6 billion in sales. Europe grew at 7% to $4.3 billion, which compares with U.S. growth of 12% and sales of $5 billion.

Much of the sales growth came in consumer products such as printers, scanners, and cameras. Consumer sales grew 30% compared with a year ago, the company reported.

CEO Carly Fiorina says the company continues its commitments to cut costs while increasing research and development in such key areas as Unix, IA-64, and high-end servers.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
2021 Outlook: Tackling Cloud Transformation Choices
Joao-Pierre S. Ruth, Senior Writer,  1/4/2021
News
Enterprise IT Leaders Face Two Paths to AI
Jessica Davis, Senior Editor, Enterprise Apps,  12/23/2020
Slideshows
10 IT Trends to Watch for in 2021
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/22/2020
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll