Wednesday, February 20, 2008

With Earnings Up 38%, H.P. Raises Its Forecast - New York Times

It's still a bit weird to see HP described as "the world's largest technology company"...

Nevertheless, Mr. Hurd raised his forecast for the full year. The company estimated that second-quarter revenue would be as much as $27.9 billion, and full-year revenue would be about $114 billion — increases of about 9 percent in each case over the year-earlier period. Previously, H.P. projected sales for the 2008 fiscal year would be $111.5 billion.

H.P., the world’s largest technology company, is considered a bellwether for the tech sector, if not the economy as a whole, because its revenues are evenly balanced between consumers, small business and large enterprises, with its overseas business accounting for 70 percent of its revenue.

With Earnings Up 38%, H.P. Raises Its Forecast - New York Times

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