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HP's profit up 28% (Updated: webOS coming to slates and printers)

May 18th, 2010 at 4:58 PM

HP managed to surpass the Street’s expectations as the company saw profits grew by 28% in the quarter ended April 30th. Capitalizing on strong demand for PCs and servers, revenue came in at $30.8 billion with an adjusted income of $1.09. Analysts were expecting to see $1.05 per share. This performance allowed HP to hold onto its title as the world’s largest manufacturer of personal computers. HP is predicting that the current quarter will see bring in $29.7 to $30 billion in revenue, with an adjusted income of $1.05 to $1.07 per share. Shares in HP are up 0.41% in after hours trading.

UPDATE: During a call with analysts, HP CEO Mark Hurd said that webOS will be coming to slates and web-connected printers. Slates with webOS is something easily imaginable, but printers? Whatever it is HP is planning, we hope it’s good.


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