Hewlett Packard has published its financial results for the first quarter of 2010, with profits growing by eight per cent to $31.2billion.
This growth seems to have been boosted by the reduction of operating costs, with the company improving its operating margin by 20 per cent. In addition, HP was able to boast double-digit growth for its printer, server and PC divisions.
“HP is well-positioned to outperform the market,” said HP’s chairman and CEO, Mark Hurd. “The strength of our portfolio, leaner cost structure and accelerating market momentum give us the confidence to raise our full-year outlook.”
Advertisement
Related Stories
- HP fires Mike Lynch May 25th 2012 at 12:21PM
- Lenovo net profits soar by 73% May 23rd 2012 at 10:55AM
- Westcoast to hold HP Generation8 events May 23rd 2012 at 10:15AM
- iPad boosts April online sales to strongest in 18 months May 22nd 2012 at 10:53AM
- Vendor job cuts rumoured to be on the way May 21st 2012 at 1:21PM
- HP updates ultrabook range May 9th 2012 at 10:43PM
- HP merges PC and printer units Mar 21st 2012 at 7:23PM
- HP Institute to tackle IT skills gap Feb 24th 2012 at 6:51AM
- HP's Meg Whitman lauded by resellers Feb 16th 2012 at 10:50AM
- HP launches first all-in-one space saving workstation Feb 15th 2012 at 4:32AM
