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Hewlett-Packard quarterly profit rises

SAN FRANCISCO (Reuters) - Hewlett-Packard Co, the world's biggest computer maker, reported a higher quarterly profit on Tuesday on strong international sales in its notebook computer and printer businesses.
Posted : Tue, 19 Aug 2008 20:20:08 GMT
Author : Reuters
Category : US (Business)
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SAN FRANCISCO (Reuters) - Hewlett-Packard Co, the world's biggest computer maker, reported a higher quarterly profit on Tuesday on strong international sales in its notebook computer and printer businesses.

HP reported net income for the fiscal quarter ending July 31 of $2.5 billion, or 80 cents a share, up from $1.78 billion, or 66 cents per diluted share, in the year-ago quarter.

Revenue rose 10 percent to $28.0 billion, ahead of Wall Street expectations of $27.43 billion.

The Palo Alto, California-based company forecast fiscal fourth-quarter profit of 95 cents to 97 cents a share on revenue of $30.2 billion to $30.3 billion.

Revenue from outside the United States accounted for 68 percent of the total. Adjusted for currency exchange rates, Europe, Middle East and Africa revenue rose 5 percent and Asia Pacific revenue rose 8 percent. Revenue in the Americas rose 3 percent.

(Reporting by Robert MacMillan and Eric Auchard, editing by Richard Chang)


(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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