HP has a strong second quarter

HP has a strong second quarter
Richard Wilson
Hewlett-Packard has reported a 34 per cent increase in net earnings in the last three months as its business starts to gather momentum again.
Net earnings this quarter were $918m on revenues for the quarter of $12.4bn. Revenues were slightly up by 3 per cent, but orders were 10 per cent in the quarter.
“This is the third consecutive quarter that we’ve exceeded street expectations,” said Lewis E. Platt, HP chairman and chief executive officer.
“We’re encouraged by improved order growth of 10 per cent. We had solid net earnings in PCs, strong profit performance in printing and imaging, and significant profit improvement in our measurement business. Clearly, our challenge is to convert order growth into stronger growth in revenue,” added Platt.


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