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HPs Profit Up 26 Percent

Written By

Published: Nov 22, 2004

Updated: Feb 2, 2021

1 minute read

eWeek content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Hewlett-Packard rebounded from a shaky third quarter when it announced a 26 percent increase in its fourth-quarter profit last week. The company said it had higher sales in all its main business areas, including its storage and services division.

Officials said HP earned $1.09 billion in its fourth quarter, compared with $862 million during the same period last year.

The storage and services division, which posted a loss of $208 million on $3.35 billion in sales in the prior quarter, came back to life in HPs fourth quarter, posting a profit of $107 million on $4.1 billion in revenue.

Check out eWEEK.coms for the latest news, views and analysis on servers, switches and networking protocols for the enterprise and small businesses.

eWEEK EDITORS

eWeek editors publish top thought leaders and leading experts in emerging technology across a wide variety of Enterprise B2B sectors. Our focus is providing actionable information for today’s technology decision makers.

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HPs Profit Up 26 Percent

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