HP releases 2007 results

Revenue and profits up, both for year and Q4 while CEO predicts continued growth
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The world's largest PC vendor has released its 2007 results, revealing that it has seen huge growth its profit and revenue year-on-year.

The company saw revenues for the fourth quarter climb to $28.3 billion, up from $24.55 billion during the same quarter last year. Its profits also saw an increase with its net income reaching $2.8 billion, a $0.9 billion increase from the same time last year.

Its 2007 revenues hit $104.3 billion, while its net income reached $8 billion.

HP's CEO, Mark Hurd is also confident that 2008 can be a bumper year for the company, saying that he expects the company to see seven per cent growth in revenues to around $111.5 billion.

The majority of the company's growth was down to EMEA and the Asia Pacific regions, with them seeing growth of 19 per cent and 20 cent respectively. The US only saw an increase of ten per cent.

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