Posted by Admin | May 19th, 2010

Hewlett-Packard is one of the foremost companies in the computer industry. They’re reporting that they had a good quarter because of stronger-than-expected computer and server sales.

Hewlett-Packard reported solid results for its second quarter as strong growth in PC and x86 server sales helped offset an unremarkable quarter for its services business.

HP’s revenue for the quarter ended April 30 was US$30.8 billion, up 13 percent from a year earlier and ahead of the consensus estimate from Wall Street analysts, according to a poll by Thomson Reuters.

Net earnings were $2.2 billion, or $0.91 per share, each up 28 percent from a year earlier. Excluding acquisition fees and other one-time charges, earnings were $1.09 per share, 4 cents ahead of what Wall Street had expected.

The recession may be in full swing, but many experts think reports like this indicate the recession is lessening each month.