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Hewlett-Packard Company (NYSE:HPQ) Reports 12% Hike in Personal Computer Sales

Boston, MA 08/22/2214 (wallstreetpr) – Hewlett-Packard Company (NYSE:HPQ) has posted surprisingly posted high revenue in the most recent quarter after a long period. The main reason behind increment in revenues is but significant hike of 12% in the sales of personal computers.

Is it the best that could happen to HPQ:

There are mixed reactions in the market since the time Hewlett-Packard Company (NYSE:HPQ) has announced its financial results. Some say that HPQ has done the best it could while others deny it. Although most of the experts call it good, but not the best performance in the current market situation. HPQ has posted excellent 12% increment in the sales of personal computers, but at the same time the performance of other units has declined which has not let it take the surge that was otherwise quite possible.

The sales of Hewlett-Packard Company (NYSE:HPQ) rose by 1% and touched $27.6 billion mark in the 3Q fiscal 2014 from $27.2 billion a year earlier. Company has outperformed market estimates as Wall Street analysts estimated only $27.01 billion sales, but it managed to post more than it.

Where is HPQ’s Focus:

Hewlett-Packard Company (NYSE:HPQ) is trying to make its name in the high-end field like computing infrastructure. Since the day Meg Whitman has taken over the CEO’s position, he has been trying to focus more on storage, servers and networks than PCs. He thinks that it is the best possible way to push HPQ on profit model once again. The Enterprise Group of HPQ managed to earn $6.9 billion revenue in the 3Q fiscal 2014 which was 2% more than the figure it managed to post a year earlier. Whitman looked quite happy with the 2% growth and said that the company would improve in coming months. According to her, HPQ could post good results due to uncertainty around Lenovo’s acquisition of IBM Corp’s low-end server unit significantly.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email ([email protected]) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).



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