This article was published on August 19, 2010

HP Q3 Revenue Up 11.4% Year-on-Year To $30.7 billion


HP Q3 Revenue Up 11.4% Year-on-Year To $30.7 billion

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.

Get the TNW newsletter

Get the most important tech news in your inbox each week.