Hewlett-Packard Reports 5 Percent Hike in Net Income
Hewlett-Packard reported a 5-percent increase in net income in the fourth quarter, citing the rise in corporate spending.
The world's largest computer maker said after the market closed Monday that despite shaky consumer and government demand, HP's net income was $2.54 billion, or $1.10 per share. That's up from $2.41 billion, or 99 cents per share, from last year.
Excluding some costs, earnings rose to $1.33 a share, beating out the analyst-predicted $1.27 per share from a Thomas Reuters poll.
The computer maker's revenue, $33.28 billion, also topped analysts' expectations of $32.75 billion.