HP Q2 operating margin rises to 10%

Telco

Hewlett-Packard Co, the world's biggest computer maker, posted a rise in its quarterly operating margin, and pointed to strength in its international business.

HP also confirmed preliminary earnings figures for its fiscal second quarter released last week that showed a net profit of $2.1 billion, or 80 cents per share, compared with $1.8 billion, or 65 cents per share, a year earlier.

Revenue was $28.3 billion, up 11% from a year earlier.

The company also kept intact its earlier forecast for Q3 earnings of 82 cents to 83 cents per share, excluding special items, on revenue of $27.3 billion to $27.4 billion.

Operating margin, excluding special items, was 10%, up from 9% a year earlier and 9.9% in the first quarter, HP said.

HP said international markets accounted for 70% of total revenue, with revenue from Brazil, Russia, India and China growing 26% over a year earlier. (Reuters)

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.