Featured Articles

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 21 August 2014 11:24

HP surprises Wall Street with excellent Q3 figures

Written by Nick Farrell

Leaps from behind a bush and sings “happy days are here again”

The down on its luck maker of expensive printer ink, HP has surprised Wall Street with the news that it quarterly revenue after sales from its PC division climbed 12 percent.

HP sales rose to $27.6 billion in its fiscal third quarter from $27.2 billion a year earlier. However that was a lot better than the cocaine nose jobs of Wall Street predicted. They had expected a modest drop in revenue to $27.01 billion. HP is trying to reduce a reliance on PCs and move toward servers, storage and networking for enterprises.

CEO Meg Whitman credited personal computer demand for "coming back some" as consumers and corporations upgraded ageing machines. She was pleased with 2 percent growth in revenue to $6.9 billion at the Enterprise Group, the company's second-largest business that deals in networking, storage and servers.

She said that it is a turnaround in a declining business. She singled out a 9 percent increase in sales of industry-standard servers in particular, saying uncertainty around Lenovo's acquisition of IBM low-end server unit helped steer business to HP. However now that deal is done and dusted, it could all disappear again.

Russia and China have been seen as weak spots for PC sales, for HP thanks mostly to the spying antics of the US government. It narrowed its earnings forecast for the full year to $3.70 to $3.74 per share, from $3.63 to $3.75. The company posted $1.7 billion of net earnings in the third quarter, up 3 percent and in line with forecasts.

Whitman said HP was assessing its $4 billion software business in view of an industry migration toward Internet-based or cloud software. And she said the company, with $4.9 billion in operating company net cash at the end of the fiscal third quarter, could make acquisitions if needed.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments