Chad Catacchio is a contributor writing on a variety of topics in tech. He has held management positions at a number of tech companies in th Chad Catacchio is a contributor writing on a variety of topics in tech. He has held management positions at a number of tech companies in the US and China. Check out his personal blog to connect with him or follow him on Twitter (if you dare).
Hewlett-Packard (HP) reported its third quarter earnings today while still reeling from the “departure” of ex-CEO Mark Hurd. The world’s largest computer maker garnered net revenue of $30.7 billion worldwide, an 11.4% increase from the same quarter in 2009.
HP had GAAP net earnings of $1.8 billion, a 6% increase over last year’s Q3, and projects fourth quarter revenue in the $32.5 billion to $32.7 billion range, which it expects will bring its year total revenue to $125.3 billion to $125.5 billion.
Enterprise Storage and Servers, at 19% growth and personal computers at 17% overall – and with a 27% increase in desktop sales – were the growth leaders in terms of divisions (compared to services growth at only 1%) and 63% of HP’s revenue in the quarter came from outside of the US.
Note: Many of these numbers were given as preliminary figures when Hurd resigned, but today’s numbers are the official earning reports.
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