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HP profits up. $28 billion in revenue

HP has leached out a superb quarter results with some staggering sales of $28 billion.

Hp said it earned $2.2 billion, or 81 cents a share, compared with $1.7 billion, or 60 cents a share, a year ago. Revenue rose 15% from last year’s $24.6 billion.  Also, HP beat the expected earnings for this quarter by .6 billion.

The major source of HP’s increasing revenue is the acquisition of  Mercury Interactive leading the software sales and earnings rise. The software division had doubled in profit for last year, making around $177 million this year.

HP’s main money maker is the PC sales. It had 10.1 billion in PC sales.

H-P’s imaging and printing business continued to be the company’s most-profitable business area, with an operating profit of $1.1 billion, which was flat with a year ago. Revenue rose 4% to $7.6 billion. Hurd said the division’s earnings would have increased had it not been for $32 million charge the company took to account for its plans to shift production of its digital cameras to an outside manufacturer.

HP has had some sophisticated products, with sleek design and quality control.

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