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HPâ€™s profit rises by 6%

20 August 2010 09:40 (UTC +04:00)

Baku â€“ APA-Economics. Hewlett-Packardâ€™s net income jumped 6 percent and its revenue climbed 11 percent in HPâ€™s last full quarter under now-ousted chief executive Mark Hurd, Boston Globe reported.

The numbers, reported yesterday, squared with preliminary results that Hewlett-Packard Co. revealed Aug. 6, when it announced Hurdâ€™s abrupt resignation.

In his five years at the company, Hurd aggressively cut jobs and other costs and orchestrated a broad push beyond personal computers and printers.

Net income was $1.77 billion, or 75 cents per share, compared with $1.67 billion, or 69 cents per share, a year earlier. Excluding certain items, HP would have earned $1.08 per share. That was in line with analystsâ€™ forecasts.

Revenue was $30.7 billion, up from $27.6 billion a year before. Analysts expected $30.4 billion.