The Next Web

HP Reports 2.4 Billion Profit In Fourth Quarter

By Alex Wilhelm
November 23, 2009
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HP Reports 2.4 Billion Profit In Fourth QuarterHewlett Packard, the Palo Alto giant reported a profit of 2.4 billion USD in the last quarter, up from 2.1 billion USD year over year. Earnings per share was 99 cents, up from 84 cents a year go.

Revenue in HP’s all important printing and imaging division fell 15% to 6.5 billion.

Revenue declined across numerous locations, according to Business Journal:

“Fourth quarter revenue declined 3 percent in the Americas to $13.6 billion. Revenue was down 17 percent in Europe, the Middle East and Africa and 1 percent in Asia Pacific to $11.7 billion and $5.4 billion, respectively.”

HP is an important player in personal computing, printing, software, and technological services. Positive profit notes from HP, these numbers one cent per share above analyst explanations, set a positive tone for the technology industry as a whole.

HP was up 2.11% on the day, to $38.20 per share.


  • HPSUCKS
    This past year, we took a number of actions to increase financial flexibility and help better position HP to compete and win in the marketplace. Although some of those actions were difficult, they worked in 2009 and will continue to help us in 2010. HP has stayed competitive in extremely difficult times and we need to maintain our financial flexibility in the current environment by keeping base pay flat in this year’s Focal Point Review (FPR) cycle, meaning no base pay increases, except where legally required.

    HP post great profits but it's employees are not worthy! Great Company
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