HP today announced financial results for its first fiscal quarter
ended January 31, 2012. For the quarter, net revenue of $30.0
billion was down 7% from the prior-year period, and down 8% when
adjusted for the effects of currency.
Net earnings — profit — are down 44 percent year-over-year. The PC business is not looking good:
Personal Systems Group (PSG) revenue declined 15% year over year
with a 5.2% operating margin. Commercial client revenue declined
7%, Consumer client revenue declined 25% and Workstations revenue
was flat. Total units were down 18%, with a 19% decline in desktop
units and an 18% decline in notebook units.
Seems like a trend.
★ Wednesday, 22 February 2012