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Tuesday, November 20, 2012

Engadget: HP's earnings drop to $2.3 billion in Q4, annual revenue is down 5 percent

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Engadget
Engadget
HP's earnings drop to $2.3 billion in Q4, annual revenue is down 5 percent
Nov 20th 2012, 13:05

HP's earnings drop to $23 billion in Q4, annual net revenue down 5 percentThis is nothing compared to the $8 billion write-off that tainted its Q3 balance sheet, but HP's turnaround strategy clearly still has some way to go. Fourth-quarter net revenue hit $30 billion, which is a 7 percent fall year-over-year, or just a 4 percent fall if you're kind enough to factor in currency fluctuations. Of that income, the company managed to clutch onto $2.3 billion as profit -- a 3 percent fall compared to the end of 2011.


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Source: HP


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Written by Hasloo Network staff.