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HP Inc. Message Board

  • beegdawg2 beegdawg2 Feb 17, 1998 9:39 PM Flag

    Only one concern!

    Actually I thought that HP's earnings and business all look pretty good. If any of you listened to the conference call in December, you may remember that HP counseled the analysts that they had invested in the business and expected growth in the high teens and gross profits in the 9% to 11% range.....with the second half of FY98 being better than the first. My only real concern is in this statement from HP's announcement ....................

    Business Summary

    Net revenue for the quarter was $11.8 billion, compared with $10.3 billion in the year-ago quarter. Net revenue in the
    United States was $5.2 billion, an increase of 21 percent compared with a year ago, while revenue from outside the United States
    rose 10 percent to $6.6 billion. In Europe, revenue totaled $4.2 billion, an increase of 8 percent. In Asia Pacific, Canada and
    Latin America, combined revenue grew 14 percent and was $2.4 billion. Currency effects reduced the company's reported revenue
    growth of 15 percent by about 7 percentage points.

    Orders for the quarter were $12.4 billion, compared with $11.0 billion in the same period last year. Orders in the United States rose 27 percent compared with the year-ago quarter and were $5.3 billion. Orders from outside the United States """""""""increased 4 percent""""""""" and were $7.1 billion.

    Order growth outside the US was only 4%. Analysts might fret over that a bit. Has anyone got any insight into the slow WW growth --- besides Asia (which only accounts for about 20% of HP's business)????????



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    • The foreign (Asia) earnings growth in dollar terms was very weak
      due to the currency conversion negative that subtracted 7% pts.
      from the revenue growth. [That is: they sold quite a bit of
      product but didn't get as many dollars due to weak local

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