HP reports SIZZLING results August 17, 2007 09:20 by John Sollars

Well, HP have come out with an absolutley sizzling set of results for the second quarter. Following close on the heels of Lexmark, Xerox and Epson all reporting results in line with our summer so far, HP is undoubtedly the star of the show - and we say hurragh to them!.

The company's quarter resulted in a 16 per cent year-over-year rise in revenue to $25.4bn. Net income surged as well, rising 29 per cent to $1.8bn "We had our strongest revenue growth since 2000," said HP's CEO Mark Hurd.

All divisions performed well, with strong gains in the PC market (where they have been the number 1 for nearly a year now), but where we are interested in the printing segment they reported that they boosted revenue 8 per cent to $6.8bn and turned in a $981m profit, up from $884m.

Watch this space, as we say 'Well done to HP' they truly are the market leader

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About John Sollars

+John Sollars is the owner and MD of Stinkyink.com. He started the business in 2002 with absolutely no knowledge of how the internet worked - only a burning desire to be in on the cutting edge!. Stinkyink.com has been regularly among the top performing companies in Shropshire as winners and runners up in the Shropshire Chamber of Commerce Best Business competitions. The business has been recognised by both Investors in People (IIP) and also British Standards Institution (BSI) with ISO9001:2008. John is passionate about business and especially small businesses. He is a regular blogger and contributor to blogs about Printing, Small Business and Search Engine Optimisation

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This story was posted on August 17, 2007 09:20 and is filed under HP Ink News and Tips, HP Printing

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