Hewlett-Packard Co. today announced its second-quarter 2004 financial results, including revenue of $20.1 billion, an increase of 12% over last year's Q2 revenue of $18 billion," reports Computerworld.
"In an announcement after the financial markets closed today, HP said it posted net income of $1.1 billion."
Comment: According to the official statement, here: "Personal Systems revenue totaled $6.0 billion, up 17% year-over-year, with strong growth across all regions and categories. Desktop revenue increased 14% year-over-year, while notebooks grew 26%. This is the third consecutive quarter that PC year-over-year revenue growth surpassed HP's nearest competitor. Personal Systems reported an operating profit of $45 million, up from $23 million in the prior year period."
The PC division had more or less the same revenue as the Imaging and Printing division ($6.1 billion) but that made vastly more profit ($953 million).
The Computerworld headline says "HP's Q2 earnings reach $20.1B" which would be nice. Of course, it means revenues, not profits.
