AnMaster.com

Alexkid

HP's net income jumps 6 pct in latest quarter, last full period under ousted CEO Mark Hurd
By JORDAN ROBERTSON
AP Technology Writer
(AP) 04:43:00 PM (ET), Thursday, August 19, 2010 (SAN FRANCISCO)
Hewlett-Packard's net income jumped 6 percent and revenue notched 11 percent higher in HP's last full quarter under now-ousted CEO Mark Hurd.

The numbers reported Thursday squared with preliminary results Hewlett-Packard Co.'s revealed Aug. 6 in announcing Hurd's abrupt resignation.

In his five years at HP, 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 ago.

Excluding items, HP would have earned $1.08 per share. That was in line with analysts' forecasts.

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


--------------------------------------------------------------------------------
* Despite the minor setback this summer,HP posted gains. *

__________________
Yeah...Do That.