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HP Enterprise & PC Businesses Out of the Red.(fiscal 4th qtr ended Oct 31, 2003 )
Hewlett-Packard turned in a solid performance in its fiscal fourth quarter ended October 31 that returned its enterprise and PC businesses to profitability.
HP netted $1.1 billion, or 28 cents a share, on revenues of $19.9 billion.
Its non-GAAP EPS was 36 cents, a penny above the Street's predictions.
Cash flow from operations totaled $2.4 billion.
"We've made great progress in enterprise systems," HP CEO Carly Fiorina boasted on a conference call Wednesday.
Enterprise systems revenue was $4.1 billion, up 2% year-over-year and 10% sequentially. The sector's operating profit came to $106 million, compared to a loss of $129 million this time last year.
HP said industry standard server revenues grew 9% year-over-year driven by unit growth of 21%.
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