Fat cat HP cashes in on PCs, servers and printers in Q1
By
Go ahead, Mark Hurd. Rip off those studious glasses and unbutton that blue Oxford shirt. We know there’s a Superman costume lurking under the Clark Kent facade.
Mark “the Cutter” Hurd’s HP may well have injected a fresh helping of optimism into the US financial markets. HP today reported a 13 per cent first quarter rise in revenue to $28.5bn. Beyond that, HP pleased very cautious investors by upping its full-year revenue forecast. HP now expects 2008 revenue to come in between $113.4bn and $114bn, which exceeds a previous forecast of $111.5bn.
Investors were happy enough with the Q1 results and rosy predictions to boost HP shares by more than five per cent in after-hours trading to $46.19 per share, at the time of this report.
Comments are closed.