Revenue rose to $30.8 billion, better than the $29.8 billion that analysts polled by Thomson Reuters expected. In the same quarter a year earlier, revenue was $27.4 billion.
For 2010, HP is now predicting revenue of $123.7 billion to $124.9 billion, which topped analysts' forecasts for $123.0 billion. HP's earlier prediction was for revenue of $121.5 billion to $122.5 billion.
The company now expects profit of $4.45 to $4.50 per share, excluding special items. Analysts were expecting $4.45 per share. HP's previous forecast was for $4.37 to $4.44 per share.
One thing that is interesting is that HP Services are now the most profitable part of the business even beating out their overpriced ink. Too bad it is growing at only 2% this last quarter.
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