Hewlett Packard reports smaller-than-expected fall in net revenues

Tottenham Hotspur players Paulinho, left, and Roberto Soldado celebrate a goal wearing the club's Hewlett Packard sponsored shirts

Tottenham Hotspur players Paulinho, left, and Roberto Soldado celebrate a goal wearing the club's Hewlett Packard sponsored shirts

First published in Business News The Northern Echo: Photograph of the Author by

COMPUTER firm Hewlett-Packard has reported a rise in profits and smaller-than-expected fall in net revenues.

The company, which has a base in Newcastle, said quarterly revenues of £16.9bn were down one per cent from a year earlier, for the three months to January 31.

The firm, which sponsors the shirts of Tottenham Hotspur, also reported rising net incomes and has raised its profit forecast.

Hewlett Packard is the world's largest maker of personal computers, but has seen demand for its desktop computers drop in recent years.

Meg Whitman, the firm's president, said: “The company is in a stronger position today than we've been in quite some time.

“The progress we're making is reflected in growth across several areas, the growing strength of our balance sheet, and the strong support we're receiving from customers and partners.”

Comments

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree