HP publishes results exceeded expectations

If the Californian manufacturer does not yet seem totally out of the trap, the quarterly results are higher than initial forecasts with sales of 29.1 billion dollars, down 3% for the fourth quarter. The full year, HP revives profits.

It is once again the history of glass half empty and half full. While the turnover as profits are down 13% and 3 respectively but these results remain above the latest forecast. More importantly, the company returned to profit which amounted to 1.4 billion dollars for the quarter.

For the full fiscal year 2013, HP achieved a turnover of 112.3 billion down 7% compared to 2012 but makes a profit of 5.1 billion dollars against 12.7 billion losses during the year 2012. Restructuring carried out forced by the new boss Meg Whitman seems to work bear fruit, at least from the point of view of profitability.

If the turnover of personal systems results are analyzed according to the different divisions were down 2%, with volumes down for desktop PCs and notebooks up. It is the same for printers whose sales down 1% despite a 6% increase in volume.

The Company division increased by 2% with differences in product lines (critical systems are down 17%) but the same services companies are down 9% and financial services fell by 6%. The software division is also down 9% despite good progress in the sub-division SaaS.