Hewlett-Packard posts 64% profit jump for first quarter on 29% revenue rise
Article Abstract:
HP reports a 64% rise in profits for its 1st qtr ending Jan 31, 1995, reflecting an overall industry trend that has taken Wall Street by surprise. Net HP income for the 1st qtr is $602 million, translating to $2.30 per share on revenues of $7.3 billion, a 29% increase from the same period in 1994. Growth has occurred in all HP product lines, including minicomputers, printers and PCs. Analysts say that HP has also maintained a healthy gross profit margin for the fourth qtr in a row. HP's overseas revenue accounts for 59% of the total for the 1st qtr with international revenue increases of 34% compared to a domestic revenue climb of 22%. International orders have grown 36% in the Asia-Pacific sphere and 27% in the European sector. Sun Microsystems, DEC, IBM, Microsoft, Motorola and Silicon Graphics are among other companies in the industry reporting solid growth and sustained demand for products.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
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Hewlett's net increased by 8% in 3rd quarter
Article Abstract:
Hewlett-Packard Co reports that net income for the 3rd qtr ended Jul 31, 1991 is up eight percent, to $192 million, or 76 cents a share, compared with $178 million, or 73 cents a share, in the same period in 1990. This is HP's fourth consecutive quarter of growth, though results are somewhat less than expected. Revenue in the 3rd qtr is up nine percent to $3.5 billion, from $3.2 billion in 1990. HP has been hurt by various factors: the slowdown in the US microcomputer market, problems in the dealer sector which have hurt sales of peripherals such as laser printers, the slowdown in growth of European sales and the company's inability to keep up with volume orders for its 'Series 700' workstations. HP's stock is down $3.50 on Friday, Aug 16, 1991, closing at $51.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Daisy fails to pay interest charges of about $620,000
Article Abstract:
Daisy Systems Corp announces it will not make its interest payment due Nov 1, 1989, on the debt it incurred from the acquisition of Cadnetix Corp. The $620,000 interest payment is due by Daisy's wholly owned subsidiary Daisy-Cadnetix Inc. Daisy is allowed a 30-day grace period on the payment and a company spokesperson says Daisy plans to wait until the end of that period to determine if funds are available. Analysts say the $200 million acquisition of Cadnetix incurred a 'shockingly high' debt for a high technology company. Some believe the financing of the acquisition is fundamentally flawed and question Daisy's ability to stay independent.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
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