Compaq 4Q Earnings Surpass Wall Street Estimates - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Compaq 4Q Earnings Surpass Wall Street Estimates

Compaq today posted fourth-quarter earnings of 19 cents per share on revenues of $10.5 billion, a decrease of 4% from the previous year but soundly beating Wall Street estimates of 16 cents per share. "During the second half of this year, we took aggressive action to return Compaq to profitable growth, and fourth-quarter results reflect our initial success," president and CEO Michael Capellas said in a statement released by Compaq after the close of financial markets today.

The Houston computer maker, struggling to achieve a turnaround after a tumultuous year in which Capellas replaced Eckhard Pfeiffer at the helm, also reported total revenues of $38.5 billion for 1999, an increase of 24% over 1998. Net income for the year was $569 million, or 34 cents per share, compared with a net loss of $2.7 billion for the previous year.

Additionally, the company made progress stanching red ink in its troubled commercial PC business, cutting the group's losses from $169 million in the third quarter to $79 million in the fourth quarter. Compaq is counting on its recent acquisition of Inacom Corp.'s build-to-order PC operations to further boost the unit. "The Inacom assets will enable Compaq to accelerate our direct programs, especially in the major-account and small- and medium-business market," Capellas said.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Study Proposes 5 Primary Traits of Innovation Leaders
Joao-Pierre S. Ruth, Senior Writer,  11/8/2019
Slideshows
Top-Paying U.S. Cities for Data Scientists and Data Analysts
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/5/2019
Slideshows
10 Strategic Technology Trends for 2020
Jessica Davis, Senior Editor, Enterprise Apps,  11/1/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll