twice connect
careers

HP Operating Profit Jumps

8/20/2010 10:14:30 AM Eastern

Charlotte, N.C. - Hewlett-Packard managed some positive news
today posting a 5 percent GAAP operating profit of $2.3 billion for its third
quarter.

The profit was made on third quarter sales of $30.7 billion, up
11.4 percent. The quarter ended July 31.

Earlier this month HP announced the
firing of CEO Mark Hurd due to a sexual harassment suit that was brought
against the company by a former contract worker. Hurd has been replaced on an
interim basis by Cathie Lesjak, HP's CFO.

HP's Personal Systems Group, which handles computer sales, had a
12 percent increase in unit shipments for the period with notebook revenue
climbing 10 percent while desktop revenue jumped 27 percent.

Sales for the Imaging and Printing Group were up 9 percent to
$6.2 billion. Sales of supplies rose 5 percent and consumer imaging and
printing product revenue was up 4 percent, the company reported.

PHOTOS
NATM Annual Meeting

Besides the usual business of planning out the

Ultra HD OLED TVs In IFA Spotlight

At IFA, all Ultra HD makers are quickly expanding

Jack Wayman, the Father Of International CES

Tributes continue to pour in for Jack Wayman, who

Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in