HP Makes Almost $30 Billion in First Quarter of FY 2013

The world's top PC maker still suffered a drop year-over-year

By on February 22nd, 2013 15:32 GMT

One would think that revenues of $28.4 billion / 21.48 billion Euro would be some kind of record, but it seems the sum is almost a disappointment to HP.

True, the company did have worse quarters, but the sum, registered during the first fiscal quarter of 2013 (ended on January 31, 2013) was actually a disappointment.

More specifically, revenue was down 6%, and while that does not sound so bad, the profit situation is worse.

HP made $1.2 billion, which means around 910 million Euro according to exchange rates. That's 16% less than last year.

Printing, enterprise, services, software and, of course, PCs, all took a hit. A number of “new programs and disruptive innovations” planned for the coming quarters will supposedly make up for all this apparent bleakness, according to CEO Meg Whitman. More coverage here.
HP's finances fall all around the board
   HP's finances fall all around the board
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