HP Reports 2.4 Billion Profit In Fourth Quarter

HP Reports 2.4 Billion Profit In Fourth Quarter

hp-logoHewlett 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.

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