Hewlett-Packard boss Carly Fiorina has had to eat humble pie in front of Comdex audiences when her company reported lacklustre results. This year she didn't show, but clearly it was not because she had anything to hide. HP has just reported sales up 10% to $19.9 billion for the quarter, with profits more than doubling to $862 million. The PC division made a very small profit of $21 million on revenues that rose 19% to $6 billion." CNet reports: "HP shipped 35 percent more PCs compared with the year-earlier quarter, the company said. Specifically, laptop PC shipments increased 53 percent and desktop PC shipments increased 23 percent." HP's announcement is here.
For the 2003 financial year, H-P made a profit of $2.5 billion on revenues of $73.1 billion.
