*NEWS* HP…..PRINTS MONEY !

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*NEWS* HP…..PRINTS MONEY !

 user 2006-05-22 at 10:06:00 am Views: 79
  • #15507

    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.