HP's Q4 Revenue Rises 9% From Q3

Share this content:
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.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above