Hewlett-Packard profit rose 25% in its 2nd period

Article Abstract:

HP announces a 25 percent increase in profit for its 2nd fiscal qtr ending Apr 30, 1991. The company's profit of $233 million, or 93 cents a share, for the period is well above industry analysts' estimates of 86 cents a share. Income for the same period in 1990 was $186 million, or 78 cents a share. Revenue for the current period was $3.73 billion, up 13 percent from the revenue for the same period in 1990 of $3.31 billion. HP reports that US revenue rose only four percent while revenue from abroad rose 20 percent for the period when compared with the same period in 1990. Industry observers note that cost-cutting measures produced higher-than-expected results. HP reduced its workforce to 91,500 employees from 95,000. HP stock rose $2 a share to close at $48 a share on May 16, 1991.

Instruments to measure electricity, Hewlett-Packard Co., HWP, Business planning, Stock, Second Quarter

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Earnings at Sun Microsystems increase 60%

Article Abstract:

Sun Microsystems Inc reports a 60 percent increase in net income for the fiscal 3rd qtr ended Mar 29, 1991. Analysts are astounded. The results are much better than most observers had expected. Sun's net income was $58.7 million, or 56 cents a share, which compares with $36.7 million, or 40 cents a share, in the same quarter a year ago. Revenue was up 34 percent, to $848.3 million from $632.2 million. Previously, Sun's machines were bought mostly by scientists and engineers, but the company now gets about 30 percent of its sales revenues from white-collar professionals. Sun's penetration of the white-collar segment comes at the expense of such microcomputer companies as Compaq Computer Corp and Apple Computer Inc.

Sun Microsystems Inc., SUNW, Growth (Physiology), Market share, Workstations (Computers), Workstations, Growth, Computer Industry, Third Quarter

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