John Paczkowski

Recent Posts by John Paczkowski

New From Hewlett Packard: The HP Earnings CashWriter

When Hewlett-Packard last reported earnings, it surprised Wall Street with a 25 percent spike in profit and raised its guidance for the year, citing “accelerating momentum” in enterprise IT spending, evidently for very good reason.

Posting fiscal second-quarter results after Tuesday’s closing bell, HP (HPQ) said it earned $1.09 a share on revenue that rose to $30.8 billion, from $27.4 billion in the same quarter the previous year.

That’s significantly better that the $1.05 a share on revenue of $29.8 billion that analysts had been expecting. Driving growth: Strong sales in most of HP’s key product segments: PCs, printers and data center equipment.

In a statement, HP CEO Mark Hurd touted the company’s third straight quarter of profit growth: “HP had an exceptional quarter with strong performance across every region,” he said, adding that he is “confident in the enormous opportunity that lies ahead.”

For the current quarter, the company expects a profit of $1.05 to $1.07 a share, in line with forecasts.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”