HP Beats Street on Servers, PC Strength
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IT industry bellwether HP reported its earnings today, showcasing a powerful upswing in sales of servers and PCs. That's excellent news for industry observers looking for continued signs that IT decision-makers are revving up the buying process after staying on the sidelines for so many of the most recent quarters. Datamation takes a look at the numbers.
Thanks to a combination of improving product sales -- particularly in a resurgent enterprise server market -- and service contracts, Hewlett-Packard (NYSE: HPQ) reported revenue and earnings that beat Wall Street projections.
For its second fiscal quarter ended April 30, HP posted non-GAAP income of $1.09 per share on revenue was $30.8 billion, handily beating Thomson-Reuters analyst consensus of earnings of $1.05 per share and revenue of $29.7 billion.