Server Sales Propel HP To Record 2Q Revenue - InformationWeek

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5/21/2004
05:43 PM
Darrell Dunn
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Server Sales Propel HP To Record 2Q Revenue

Strong growth in its recently reorganized Technology Solutions Group helped propel Hewlett-Packard to record revenue in its second quarter, ended April 30.

Split into three units a year ago, Technology Solutions Group had revenue of $7.7 billion, up 11% from the same quarter a year ago, led by Industry Standard Servers, up 15%, and Enterprise Storage and Servers, up 8%. Companywide for the quarter, HP reported net earnings, excluding special charges, of $1 billion on revenue of $20.1 billion, compared with net earnings of $877 million on revenue of $18.0 billion a year ago.

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