HP post Q1 2013 earnings with $28.4 billion in revenue and $1.2 billion in profit

HP
HP have posted their Q1 2013 results which have shined just beyond their expectations. Reaching a total of $28.4 billion in revenue and $1.2 billion in profit. Their net revenue shows a 6% drop year over year with their net profit seeing a 16% drop itself.

“We beat our non-GAAP diluted EPS outlook for the quarter by $0.11 per share, driven by improved execution, improvement in our channel and go-to-market efforts and the impact of the restructuring program we announced in May 2012,” said Meg Whitman, HP president and chief executive officer. “While there’s still a lot of work to do to generate the kind of growth we want to see, our turnaround is starting to gain traction as a result of the actions we took in 2012 to lay the foundation for HP’s future.”

Craig O'Sullivan
Craig O'Sullivan

Creator of Geektech.ie Passionate about Technology and always looking for that next cool gadget or app

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