HP quarterly earnings up 26 per cent

February 22nd, 2007

“HP has announced financial results for its first fiscal quarter ending 31 January 2007 with net earnings of $1.5bn, an impressive 26 per cent year-on-year increase. As notebooks continue to become a more attractive option over desktop PCs, desktop revenue declined one per cent but notebook revenue grew an astounding 40 per cent over the prior year period. HP’s Personal Systems Group reported a strong rise in overall unit shipments of 19 per cent. Analysts have suggested that this huge jump is eating into Dell’s market share, which is already feeling put upon as it continues to lose ground in the PC market…” (Read full article here)

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