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HP Q2 operating margin rises to 10%

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)