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HP shines, predicts healthy 2008

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HP has announced its first quarter results, posting above-expectation profits and predicting that performance will improve going forward. 

HP earned $2,13-billion for the three months ended 31 January off revenue of $28,5-billion – a 13% increase over the same period last year.
The company is also upbeat about the rest of the year, predicting continued growth.
HP's results are attributable to a combination of increasing computer sales together with steady cost cutting.
The company's computer shipments grow 27% in the first quarter, with imaging & printing posting a 7% increase in sales.