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.