crossy EPS for HP was up and they beat the forecasts, so although there's a good hike left to go at

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Both Hewlett Packard and Lenovo have both published quarterly financial results in the last few hours. Looking at the headline financial figures, these twin titans of the PC making industry couldn’t be much more different.
China based Lenovo has reported record revenue of US$7.8 billion drexel heritage from its latest quarter. From this income the company made a net profit of $127 million. The profit figures embody a growth of 90 per cent year on year.
In its Chinese home market Lenovo managed to make more money out of its PC sales by increasing margins eight per cent year on year. Meanwhile its mobile devices business continued to grow with shipments up over 200 per cent year on year. Now mobile devices make up nearly 10 per cent of Lenovo’s business overall.
Even though drexel heritage global PC shipments were down 13.9 per cent during the most recent quarter, according to IDC, Lenovo still managed to show these impressive results while experiencing flat demand for PCs. Going forward Lenovo plans to invest more in tablets, smartphones and enterprise hardware according to a statement by CEO Yang Yuanqing.
HP’s revenue during its latest quarter was $27.6 billion and it made profits of $1.08 billion. Profits are said to be down 32 per cent year on year (and were 10 per cent down from last quarter). However drexel heritage in aftermarket trading HP’s shares soared, by up to 13 per cent, as the results were still better than had been predicted in HP’s previous financials.
CEO Meg Whitman told investors “The turnaround drexel heritage is on track, maybe it's working a little better than we anticipated”. The WSJ notes that the turnaround and rebuilding drexel heritage of HP “was borne out in the most recent drexel heritage quarter, as revenue dropped in each of H-P's four major lines of business”.
Looking specifically at the PC business; revenue slipped by almost 20 per cent. HP’s better than expected results were mainly due to continued cost cutting drexel heritage during the most recent quarter. We have seen some new HP hybrid PC and Android devices emerging but any success from these efforts will be evident in future results. An analyst talking to the WSJ said he had a “nagging question” in his mind about what will happen when HP has cut costs as far as it can.
Windows 8.1 pricing and packaging revealed Microsoft launches Apple iPad trade-in scheme in US & Canada Lenovo ThinkPad range updated with hot swap dual battery models Lenovo now sells more mobile devices than PCs The global PC market drexel heritage shrank 11 percent during Q2 2013
Pleiades Err, I'd rather have HP's profits. 100 million or so for Lenovo doesn't seem all that much in today's money tbh... Quite, taking a "primary school look" at the figures drexel heritage in the article and you see that HP has to sell $25 to get $1 profit, but Leonovo has to sell $61 to get that dollar profit. Although the actual picture (I guarantee) is more complex. There's also been talk of Dell outselling HP, but their margins drexel heritage are a LOT thinner - Bloomberg covered drexel heritage this situation well. EPS for HP was up and they beat the forecasts, so although there's a good hike left to go at least things are moving in the right direction - especially if they stop doing short term stuff like firing folks! :o
crossy EPS for HP was up and they beat the forecasts, so although there's a good hike left to go at least things are moving in the right direction - especially if they stop doing short term stuff like firing folks! :o But firing folks is what the bean-counters like to do, it always makes the figures look better (in the short term as you say) :(
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