HP Financial Services, a subsidiary of Hewlett Packard, saw
earnings grow year-on-year in its third quarter by 30.7 per cent to
reach £27.4m.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Earnings grew at almost twice the rate of revenues, which were
up year-on-year by 17 per cent to reach £314.3m.
Its Q3 figures also reported that financing volumes rose by 15
per cent and net portfolio assets increased by 13 per cent.
Operating margins climbed to 7.5 per cent, compared to 6.7 per
cent this time last year.
Hewlett Packard’s third quarter net revenue is up 10 per cent,
or £1.5bn, and GAAP operating profits up by 20 per cent to
£1.3bn.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataMark Hurd, HP chairman and chief executive officer, commented on
the report: “By accelerating our enterprise growth and executing
well across the portfolio, HP delivered a strong third quarter
performance.
“Our global position, broad product and services offerings and
incremental cost saving opportunities make us confident that we’ll
continue to meaningfully expand earnings.”
