HPQ in late trading is down 18 cents, or 0.4%, to $40.58.
Hewlett-Packard (HPQ) this afternoon reported results for its fiscal third quarter ended July 31 that matched the company’s pre-announcement issued earlier this month in conjunction with the surprise exit of former CEO Mark Hurd.
As the company had expected, it reported revenue of $30.7 billion and profits of 75 cents GAAP, $1.08 non-GAAP. HP likewise repeated its forecast for FY Q4 revenue of $32.5 billion to $32.7 billion, with non-GAAP profits of $1.25 to $1.27 a share. And the company repeated its full year forecast for revenue of $125.3 billion to $125.5 billion and non-GAAP profits of $4.49 - $4.51 a share.
The company said revenue from its services business was up 1% from a year. Enterprise storage and severs was up 19%, with industry standard servers up 31%m, storage up 10% and business critical systems down 10%. The HP Software unit was up 2%. The Personal Systems Group - the PC business - was up 12%, with notebook revenue up 10%, and desktop up 27%; commercial PC revenue was up 25%, with consumer up 12%.
Revenue for the imaging and printer group was up 9%, with supplies up 5%, commercial hardware up 28% and consumer hardware up 4%. Printer units were up 16%, reflecting a 44% rise in commercial printers and a 9% increase in consumer printers.
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