HP improved financial result in the first finkvartale
Hewlett-Packard today announced the receipt of the results for the first fiscal quarter were better than analysts' forecasts due to unexpected improvement in demand for PC companies. Operating profit for the quarter ended July 31 amounted to 89 cents, while revenue reached 27.6 billion dollars. These results - the first increase in revenue and profit after 11 quarters of falling indicators. HP CEO Whitman Megan, who took up office in September 2011, said that profit growth - is the result of policies aimed at reducing costs, while revenue growth - the result of the growing demand for business-class PCs.
She also noted that in the near future the company will actively implement the program at the conclusion of new product categories such as 3D-printers, and servers on the water cooling. After the publication of the quarterly data HP shares fell in price by 1% to 35.12 dollars. Analytical firm IDC said that HP in the last quarter helped the rising costs of technology companies, particularly in the renewal of the PC. Recall that earlier and Microsoft talked about the growth of sales for the PC sector, and she IDC summ
arized the development of the PC market and concluded that the drop was less than expected. During the quarter, net income declined 29% to 985 million, or 52 cents per share, against 1.39 billion dollars, or 71 cents per share a year earlier. In the reporting quarter, the company wrote off 649 million dollars for the reorganization. In the current quarter, HP expects earnings of $ 1,03-1,07 billion, which corresponds to the expectations of the market. Recall that in the reporting quarter, the company pursued a policy of downsizing. At present, the total number of employees is 317 HP to 500 people.
According to the company, in the first finkvartale PC sales division rose 12% to 8.65 billion. Meg Whitman said that sales of new PCs were nice enough, except for Russia and China. In the case of Russia, HP withdraws negative on "geopolitical instability." sale of the company in the corporate decisions that produces servers and networking equipment, rose 1.9% to 6.89 billion dollars. Proceeds of the software division decreased by 5% to 959 billion dollars. The sale of the corporate services decreased by 6.4% to 5.59 billion. Printer sales decreased by 3.8% to 5.59 billion.
.jpg)
