HP Revenue Up, No CEO Yet

Hewlett-Packard announced strong results for its fiscal 3Q 2010 in a conference call May 19, even as the company wrestled with the sudden departure of former CEO Mark Hurd.

Those results included net revenues of $30.7 billion, up 11.4 percent from the same quarter in 2009. Its Services, Enterprise Storage and Servers, HP Software, Personal Systems Group, and Imaging and Printing Group all experienced year-over-year increases in revenue. Overall, the company’s operating profit totaled $2.3 billion.

HP saw increased enterprise sales, suggesting that businesses are beginning to spend on IT infrastructure after several quarters of recession-related belt-tightening. Strength also apparently came from HP’s networking business.

The results announcement alluded to future products running both the Palm WebOS and Windows, but no further details were offered by executives.

For more, read the full eWeek article, HP Posts Strong Enterprise Sales, But No Hurd Replacement.

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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