HP Financial Services (HPFS) saw a 14%
increase in revenue in the third quarter of this year compared to
Q3 2009, its latest financial results show.

Parent company Hewlett Packard
(HP) announced its results for the three months ended 31 July
2010, and its financing arm, under which its leasing activities
fall, saw revenue rise to $764m (€602 million) from $670m for the
same period in 2009.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Its total financing volume rose 3%, net
portfolio assets by 13% and operating margin by 9.4%, up from 7.9%
in Q3 2009.

Compared to the three months ended 30 April
2010, net revenue was up just over 1%, from $755m.

HP as a
whole saw a rise in net revenue to $30.7 billion, up 11.4%
from the year before, which included currency benefit of about one
percentage point.

claire.hack@vrlfinancialnews.com

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.