Wednesday, May 17, 2006
Hewlett-Packard Co. posted a profit of $1.5 billion, or 51 cents per share on sales of $22.6 billion in its second fiscal 2006 quarter ended April 30, compared with earnings of $1.0 billion, or 33 cents per share on sales of $21.6 billion in the year-ago quarter.
Revenue in the Americas grew 10 percent to $9.7 billion, revenue in Europe, the Middle East and Africa declined 2 percent to $9.0 billion, and revenue in Asia Pacific grew 7 percent to $3.9 billion.
Personal Systems Group (PSG) revenue grew 10 percent year-over-year to $7.0 billion, with unit shipments up 16 percent On a year-over-year basis, desktop revenue increased 1 percent and notebook revenue grew 27 percent.
H-P also reported strong results from its Imaging and Printing Group, where revenue grew 5 percent year-over-year to $6.7 billion. On a year-over-year basis, supplies revenue grew 10 percent, commercial hardware revenue 4 percent, and consumer hardware revenue declined 8 percent.
"HP delivered another solid quarter," said Mark Hurd, HP chief executive officer and president, in a statement."We grew revenue, expanded margins and generated record cash flow. At the same time, we continued to remain focused on executing our strategy and investing in the company's long-term success."
By: DocMemory
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