HP's Q4 Revenue Rises 9% From Q3

Share this article:
Revenue at Hewlett-Packard in the fiscal fourth quarter was $18 billion, the company said yesterday, up 9 percent over the third quarter and slightly below the $18.2 billion in revenue for last year's fourth quarter.


"Operating profit improved sequentially in Enterprise Systems, Personal Systems, HP Services, and Imaging and Printing," chairwoman/CEO Carly Fiorina said. "Cost structure improvements are helping us compete more aggressively, improve our market position and grow top-line revenues; and HP generated $1.5 billion in cash from operations in the quarter."


Results for specific divisions were:


· Imaging and Printing delivered record revenue of $5.6 billion, HP said, up 18 percent from the third quarter and 12 percent over the '01 Q4.


· Personal Systems cut its operating loss from the previous quarter by 56 percent. Revenue was $5.1 billion, up 6 percent from the third quarter and down 6 percent compared to the '01 Q4.


· Enterprise Systems had an operating loss of $152 million. But that was an improvement of $270 million from the previous quarter, HP said, due to progress in reducing structural costs.


· HP Services reported revenue of $3.1 billion, up 4 percent over the third quarter and down 3 percent from last year. Operating profit for HP Services was $381 million.


· Revenue at Financial Services was $537 million, up 5 percent from the third quarter and down 1 percent from a year ago.


This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions