- This topic has 0 replies, 1 voice, and was last updated 9 years, 9 months ago by
.
-
Posts
-
HP Prints Money
New
York -Maybe Hewlett-Packard boss Mark Hurd’s cost-cutting and
restructuring plans are being heard. The company, which announced its
second-quarter earnings Tuesday, has seen its net income grow by more
than 50% over a year ago, while its revenues climbed 5%.HP’s earnings
release also underscores the company’s continued reliance on its
Imaging and Printing Group, which accounted for $1 billion in operating
profit–almost 67% of the company’s total operating profit of $1.7
billion.The company said its results mirrors overall tech
trends–namely, declining consumer hardware sales and increasing sales
of color technology and ink. Year over year, the HP ink-selling unit
saw revenue grow 10%, while consumer hardware dropped 8%. Color laser
printer sales grew 38%, and multifunction printers shot up 44%.HP
continues to place a priority on boosting supplies revenue by
aggressively expanding into specialized markets, such as wide-format
printing, and establishing brand recognition and sales in emerging
countries.The imaging giant continues to stay on top of a tug-of-war
between color laser and ink-jet office printers, while shifting
emphasis away from less-profitable consumer sales.
- You must be logged in to reply to this topic.