Page last updated at 23:35 GMT, Tuesday, 19 August 2008 00:35 UK

Foreign sales boost HP earnings

Hewlett-Packard logo
Some analysts had worried that the US downturn would harm earnings

Hewlett-Packard (HP), the world's largest computer company, has seen its quarterly profits boosted by robust international sales.

The firm saw profits for the three months to 31 July reach $2.5bn (1.3bn), up from $1.78bn in the same period a year earlier.

Revenue from outside the US accounted for some 68% of the total, with particular strength in Asia.

Computer firms have targeted overseas markets as the US economy has cooled.

Lou Miscioscia of Cowen said: "Many had expressed concerns that HP's results were going to start to be affected by the economy, but HP had solid numbers."

Europe, Middle East and Africa saw revenue climb 5%, while revenue in Asia Pacific was 8% higher.

The Americas saw revenue up 3%.

The personal systems group saw revenue of $10.3bn, marking a rise of 15% and revenue from notebooks was 26% higher year-on-year.

Jason Pride of Haverford Trust said HP seemed to be "a standout".

"The only other company that has a similar ability to stand out is IBM, but that's a very different story, a story of transitioning to a more service-oriented approach.

"But HP is still primarily a hardware provider, and in that space, they are absolutely a standout."


SEE ALSO
HP in $13.9bn challenge to IBM
13 May 08 |  Business
HP confirms in talks to buy EDS
12 May 08 |  Business
Strong profits at Hewlett-Packard
19 Feb 08 |  Business
Hewlett fired up by laptop sales
17 May 07 |  Business
Laptop sales give Hewlett respite
16 Nov 06 |  Business
Congress committee slams Hewlett
29 Sep 06 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific