HP Tops Q4 Earnings Projections

Leo Apotheker’s tenure as the CEO of computing giant HP has been shrouded in unwelcome controversy stemming from an intellectual-property dispute between Oracle and SAP, Apotheker’s former employer. But amid that distraction, HP reported strong financials for the fourth quarter, topping analysts’ expectations with earnings of $1.33 per share.

HP’s revenue was buoyed by brisk demand for enterprise products and services, including servers and storage. Meantime, the company holds onto the mantle of the world’s biggest computer vendor, with PC unit shipments up 2 percent in the quarter. Datamation takes a look at the numbers.

HP’s (NYSE: HPQ) new CEO Leo Apotheker is hitting the ground running (and not from Oracle).

For the fourth quarter, the computer giant reported earnings per-share of $1.33 on revenue of 33.3 billion for the fiscal fourth quarter of 2010. Those results beat the forecast of analysts surveyed by Thomson Reuters who had been expecting earnings of $1.27 a share on revenue of $32.75 billion.

Read the full story at Datamation:

HP’s Strong Earnings Kicks Off the Leo Apotheker Era

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