HP posts 5 pct profit gain on revenue of $33 bln

hp posts 5 pct profit gain on revenue of 33 bln ceo leo apotheker

Technology giant Hewlett-Packard managed to beat market expectations with its fourth quarter earnings report, announcing that the company has seen a five percent increase in profits and an eight percent jump in overall revenue compared to the same quarter a year ago. For an idea of how large a company HP is, the company had revenues of $33.3 billion during the quarter and earnings of $2.5 billion.

“HP proved once again that it is able to execute given its market strengths and technology leadership,” said HP’s newly-installed president and CEO Leo Apotheker, in a statement. “I have seen firsthand that we have talented people who are focused on delivering value for our customers. Our market opportunity is vast, and I am confident that we will extend our leadership into the future.”

The fourth quarter earnings announcement eases HP’s transition to new leadership: HP brought Apotheker on board to lead the company in October, after the controversial resignation of former CEO Mark Hurd under a business ethics cloud. Hurd quickly landed on his feet as a co-president of HP rival Oracle, resulting in a quickly-settled flurry of litigation as HP claimed there was no way Hurd would be able to keep HP trade secrets to himself.

Apotheker also used HP’s fourth quarter financial announcements as an opportunity to start putting his stamp on the company. Apotheker announced that going forward, he expected HP would focus more on software—a move that makes sense, given that Apotheker came to HP from business software giant SAP. Currently, HP’s software business represents about three percent of HP’s overall revenue, generating about $974 million during the quarter—contrast that with HP’s imaging and printing group, which generated 7 billion in revenue during the quarter. Apotheker speculated that HP can double and, over the long term, triple the size of their software business, but that he viewed software as a way to differentiate and add value to HP’s products and services.

Deals

These Amazon kitchen deals are perfect for Christmas gifts and healthy eating

Today is day 10 of Amazon’s “12 Days of Deals,” and it’s all about kitchen. From blenders to Instant Pots to KitchenAid mixers and more, practical yet highly coveted small appliances are available for up to 50 percent off.
Business

Chinese court upholds Qualcomm's complaint that Apple infringed on two patents

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.
Deals

This one-day Skullcandy sale gets you wireless earbuds for under $30

Today only, you can save 40 percent on wireless earbuds, noise-canceling headphones, and classic earbuds direct from the Skullcandy website. If you're hoping to get a pair of headphones before the holidays arrive, now is the time.
Outdoors

Forget pumps. This innovative filter purifies H2O in 8 seconds flat

The Grayl Geopress water purification system removes more than 99 percent of all bacteria, cysts, and viruses from water in just eight seconds, providing clean drinking water to travelers and outdoor adventurers.
Computing

Is your PC slow? Here's how to restore Windows 10 to factory settings

Computers rarely work as well after they accumulate files and misconfigure settings. Thankfully, with this guide, you'll be able to restore your PC to its original state by learning how to factory reset Windows.
Computing

The Titan RTX graphics card is nearly here. Here's what you need to know

The Nvidia Titan RTX is arguably the most powerful consumer graphics card ever made, even if it's not really aimed at consumers. It bridges the 2080 Ti and RTX Quadro cards with boat loads of power.
Computing

Leak reveals that Nvidia’s RTX 2060 gaming chipsets will be headed to laptops

The latest leaks of Nvidia's upcoming RTX 2060 have given performance benchmarks and further detail about the future chipset and its capabilities, while a RTX 2060 Max-Q variant has also been discovered for thin and light gaming machines.
Computing

Looking for an Apple MacBook below $900? Woot has you covered

If you're looking for a great deal on an Apple MacBook, then Amazon's Woot may just have what you have been seeking. It has Macbooks available for only $810 with Intel M3 CPUs, 8GB of RAM, and 256GB SSDs.
Computing

Want to save a webpage as a PDF? Just follow these steps

Need to quickly save and share a webpage? The best way is to learn how to save a webpage as a PDF file, as they're fully featured and can handle images and text with ease. Here's how.
Computing

New rumors say the Pixelbook 2 could show up at CES 2019

What will the Pixelbook 2 be like? Google hasn't announced it, but thanks to rumors and leaks, we think we have a pretty good idea of what the potential new flagship Chromebook will be like.
Computing

A dead pixel doesn't mean a dead display. Here's how to repair it

Dead pixel got you down? We don't blame you. Check out our guide on how to fix a dead pixel and save yourself that costly screen replacement or an unwanted trip to your local repair shop.
Computing

You could spend $1,000 on an iPhone, or buy one of these awesome laptops instead

Finding a decent laptop is easy, but finding one under $1,000 is a bit tricky. Luckily, we've taken some of the guesswork out of picking out a budget laptop. Here are some of our favorites, the best laptops under $1,000.
Computing

Don't know what to do with all your old DVDs? Here's how to convert them to MP4

Given today's rapid technological advancements, physical discs are quickly becoming a thing of the past. Check out our guide on how to convert a DVD to MP4, so you can ditch discs for digital files.
Computing

Here’s how to install Windows on a Chromebook

If you want to push the functionality of your new Chromebook to another level, and Linux isn't really your deal, you can try installing Windows on a Chromebook. Here's how to do so, just in case you're looking to nab some Windows-only…