View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 23, 2009

HP Q4 revenues down 8% to $30.8bn

Net earnings up 14% on year ago quarter

By CBR Staff Writer

HP has reported net revenues of $30.8bn for the fourth quarter of 2009, a decrease of 8% compared to the same period last year.

The company has reported operating margin of 10.2%, an increase of two percentage points compared to 8.2% for the same period last year. Net earnings for the quarter was up 14% to $2.4bn, compared to $2.1bn for the same period a year ago. 

Services revenue increased 8% to $8.9bn. Infrastructure technology outsourcing reported revenue of $4.1bn while technology services, application services and business process outsourcing posted revenue of $2.5bn, $1.5bn and $778m, respectively. 

Revenue from enterprise storage and servers revenue was down 17% to $4.2bn, software revenue decreased 16% to $967m, imaging and printing group revenue declined 15% to $6.5bn while revenue from personal systems group declined 12% to $9.9bn. 

Geographically, revenue was down 3% in Americas to $13.6bn, compared to the same period last year. Revenue decreased by 17% in Europe, the Middle East and Africa and 1% in Asia Pacific to $11.7bn and $5.4bn, respectively. Revenue from outside the US accounted for 64% of the total revenue. 

For full year fiscal 2009, net revenue was down 3% to $114.6bn, compared with the prior-year period or up 1% when adjusted for the effects of currency. Operating profit was $10.1bn while net earnings were $7.7bn, compared to $8.3bn for the same period last year. 

Mark Hurd, chairman and chief executive officer of HP, said: “HP’s solid performance in Services drove record profit, and the accelerated pace in signings creates strong momentum going into 2010. Our operational execution and improving cost structure generated strong quarterly and year-end results. We expect to outperform the market due to our significant scale, broad portfolio and market-leading position.” 

Content from our partners
How designers are leveraging tech to apply the brakes to fast fashion
Why the tech sector must embrace faster, smarter talent recruitment
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate

HP anticipates revenue to be in between $29.6bn and $29.9bn for first fiscal quarter of 2010. For full fiscal year 2010, it expects revenue to be approximately $118bn to $119bn, up from its previous estimate of $117.0bn to $118.0bn.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU