HP 'Executing Well' claims CEO Mark Hurd February 19, 2009 13:16 by John Sollars

Reporting Q1 figures to the market yesterday, HP CEO Mark Hurd claimed that HP was 'Executing Well in a tough market'.  He went on to say ' Our market strength, disciplined cost management and diverse portfolio allowed us to differentiate HP in the global marketplace and gain share in key markets'.  He was reporting 1% rise in revenues of US$28.8bn for the first quarter, with operating profits down 5% to US$2.5bn.  The main engine for growth was the Services division following the takeover of EDS last year.

In the sector that we are interested in Imaging and Printing Group (IPG) saw revenue decline 19% to US$6bn.  Supplies revenue was down 7%, while printer unit shipments decreased 33%, with consumer printer hardware units down31% and commercial printer hardware units down 39%.

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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 February 19, 2009 13:16 and is filed under HP Printing

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