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New York (pte022/19.05.2005/11:33) - Hewlett-Packard http://www.hp.com posted a 9.3 per cent first-quarter rise, which was assisted by higher sales in personal computers and better results in corporate businesses.
The Californian-based company recorded a net income of US$966 million, or 33 cents a share, in its second fiscal quarter, in contrast with the first quarter's US$884 million, 29 cents a share.
HP's revenue was up seven per cent to US$21.57 billion, while sales stayed at 21.45 billion.
New chief executive Mark Hurd, who took over from Carly Fiorina, commented that although HP had a solid quarter, "our overall performance leaves room for improvement in many of our businesses. We expect to provide details as soon as our plans are finalized that will move us toward that objective."
It is expected that HP's second quarter postings may not reach those predicted by Wall Street.
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