Inside money, markets, and Big Tech

This article was published on November 23, 2009


    HP Reports 2.4 Billion Profit In Fourth Quarter

    HP Reports 2.4 Billion Profit In Fourth Quarter
    Alex Wilhelm
    Story by

    Alex Wilhelm

    Alex Wilhelm is a San Francisco-based writer. You can find Alex on Twitter, and on Facebook. You can reach Alex via email at [email protected] Alex Wilhelm is a San Francisco-based writer. You can find Alex on Twitter, and on Facebook. You can reach Alex via email at [email protected]

    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.

    Related Articles