HP announces Q3 2010 financials

Aug 20, 2010
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HP offered up its Q3 financials yesterday and posted net revenue of $30.7 billion. That number represents a growth of 11.4% of $3.1 billion from the same quarter of 2009. HP has already announced this week that the anticipated webOS tablet would be coming in early 2011.

Other news from the financials of HP include a GAAP operating profit that increase 5% from last year to $2.3 billion. Non-GAAP operating profit for the company was $3.4 billion, up 14% from last year. HP also noted that it had record services signings during the quarter.

Revenue for services during the quarter grew 1% to $8.6 billion. HP also reported growth in most all of its business categories for the quarter. HP estimates that it will have revenue of about $32.5 billion to $32.7 billion in Q4.


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