HP earnings at $US617 million for Q3

HP earnings at $US617 million for Q3

BOSTON - Hewlett-Packard has reported net earnings of $US617 million for the third quarter, or 58 cents per share, compared to $US425 million, or 40 cents per share, for the same period last year.

Net revenue for the quarter was $US10.5 billion, up from the $US9.1 billion reported for the third quarter last year, Hewlett-Packard officials said.

Orders for the quarter increased 19 per cent over last year's third quarter to $10.4 billion, officials said. Orders in the US grew 25 per cent, in Europe 13 per cent, and in Asia-Pacific, Canada and Latin America 18 per cent.

Officials said they were pleased with HP's net revenue and the growth in orders, but were disappointed with the cost of sales for the quarter, which increased faster than in recent quarters. Officials also said that a significant downturn in HP's medical business, attributable to shipment delays in some product lines, had negatively affected the company's net earnings.

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.


ARN Innovation Awards 2022

Innovation Awards is the market-leading awards program for celebrating ecosystem innovation and excellence across the technology sector in Australia.

EDGE 2022

EDGE is the leading technology conference for business leaders in Australia and New Zealand, built on the foundations of collaboration, education and advancement.

Brand Post

Channel Roadmap

The Channel Roadmap is a bespoke content hub housing strategic priorities from technology vendors for 2022 and beyond, partners can find the guidance on the key technologies and markets to pursue, to help build a blueprint for future success.

Show Comments