Tuesday, August 19, 2008

HPQ Increases Sales and does Great Internationally

It seems that there is nothing stopping people from buying their laptops.

Third-quarter sales increased 10 percent to $28 billion, compared with the average estimate of $27.4 billion by analysts. Excluding the effects of currency translation, sales rose 5 percent. Sales rose 4 percent in the Americas; 16 percent in Europe, the Middle East and Africa; and 14 percent in Asia Pacific. Revenue from outside the U.S. accounted for more than two-thirds of sales.

They seem to be the Juggernaut when it comes to selling computers abroad. It is down for the year but I can see these numbers pushing the stock to near term highs.

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