HP Sales exceed $100 Billion for the first time November 21, 2007 11:42 by John Sollars

HP Turnover increased:

HP have just announced glowing sales and profit figures, which have been very well received by all. For the full fiscal year 2007, HP rang up $104.3 billion in sales, a 14 percent improvement over last year and the first time HP has cracked $100 billion in annual sales. Net income for the year was $7.26 billion, or $2.68 per share.

HP currently commands about 20 percent of the worldwide PC market, compared with Dell's roughly 15 percent, according to the latest data from market researcher IDC.

But HP's most profitable business is printer ink. The company derived 42 percent of its $2.63 billion total operating profit in the latest quarter from its Imaging and Printing Group, nearly twice the amount contributed by the Personal Systems Group, which includes PCs