Q4: Hewlett Packard’s Revenues and Turnover Grow
HP today announced financial results for its fourth fiscal quarter ended October 31 2007, with net revenue of US$ 28.3 billion, up 15% from a year earlier and up 11% when adjusted for the effects of currency.
In the fourth quarter, GAAP operating profit was US$ 2.6 billion and GAAP diluted earnings per share (EPS) was US$ 0.81, up from US$ 0.60 in the prior-year period. Non-GAAP operating profit was US$ 2.8 billion, with non-GAAP diluted EPS of US$ 0.86 up from US$ 0.68 in the prior-year period.
"Strong performance across our businesses was highlighted by sharp improvement in our software segment," said Mark Hurd, HP chairman and chief executive officer. "We have added over US$ 12 billion of new revenue this year. While we still have more work to do, HP is well positioned to make further progress in the marketplace."
HP Software revenue doubled over the prior-year period to US$ 698 million, led by strong growth from the businesses acquired in HP's purchase of Mercury Interactive. On a year-over-year basis, HP OpenView grew 24% excluding Mercury. Operating profit was US$ 177 million, or 25.4% of revenue, up from US$ 60 million, or 17.2% of revenue, in the prior-year period.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
System76 Refreshes the Lemur Laptop
If you're looking for a laptop with tons of power and battery, look no further than the latest iteration of the System76 Lemur Pro.
-
More than 43 Million Lines of Code in Linux Kernel 7.2
Using the cloc utility, Michael Larabel of Phoronix discovered that Linux kernel 7.2 has over 43 million lines of code.
-
Kubuntu Focus Goes Ultra
The Kubuntu Focus team has upped the performance ante of its M2 and Zr laptops with the latest, greatest CPUs from Intel.
-
Linux Gamers May Soon See Less Mouse Lag in KDE Plasma
Gamers using KDE’s Plasma desktop have been suffering from a slight input delay in mouse movement that could lead to getting fragged.
-
Three Lines of Code Improve Linux Storage Performance
A developer changed three lines of code, giving Linux storage performance a 5% bump.
-
AUR Hit Again with Malicious Packages
Once again the Arch User Repository is plagued by a high volume of malicious packages.
-
Alpine Linux 3.24 Features Fresh Desktops and a Newer Kernel
If you're a fan of Alpine Linux, it's time to upgrade because the latest version has been released with KDE Plasma 6.6, Gnome 50, and Linux kernel 6.18 LTS.
-
EU Open Source Strategy Plays Key Role in Tech Sovereignty Package
Comprehensive measures adopted by the European Commission aim to reduce dependency on non-EU countries.
-
Linux Foundation Report Indicates AI Driving Tech Hiring
Within growing security and skills gaps, AI has been found to be a positive driving force behind tech hiring trends in Europe.
-
United Nations Open Source Portal Goes Live
A new open source portal seeks to coordinate and scale open source efforts across the United Nations system.