H-P CEO, Mark Hurd, is managing the world's financial crisis better than anyone else in the tech industry
Early this morning, H-P came out with preliminary financial results for its 2008 fourth quarter and a 2009 outlook that were better than expected.
- Fourth quarter net revenue up 19%, or $5.3 billion, from a year earlier to $33.6 billion;
- Fiscal 2008 net revenue up 13%, or $14.1 billion, to $118.4 billion.
In spite of what it appears to be a very difficult year, the Palo Alto, Calif., company expects a surge of revenues in 2009, in the range of $127.5 billion to $130.0 billion.
And that’s taking into account the current economic environment and the relative strength of the U.S. dollar that will impact the full year revenue projections of roughly 6 to 7 percentage points.
[Photo credit: Dan Farber]
Bravo H-P!
