HP posts impressive Q4 results

18 November 2004 – Palo Alto (CA): Hewlett-Packard (HP) has reported a 26.5 per cent rise in Q4 earnings as a result of record revenue growth across all of the computer giant’s business units, particularly in its consumer electronics division.

HP said that its net earnings in the quarter were $1.091 billion or EPS of $0.37, compared with $862 million, or EPS of $0.28, in the same period last year. Revenue came to $21.39 billion, up 8 per cent from $19.85 billion in Q4 of 2003.

"After a challenging third quarter I am pleased with the steady improvement we made in (the quarter) and the way we ended the fiscal year," said Carly Fiorina, HP’s chairman/CEO. "We were solidly profitable in all of our businesses except software, which delivered a significant year over year profit improvement and approached break even."