News - HP and Lenovo results out, show a stark contrast in fortunes

[HEXUS]

HP's profit slips 32 per cent yet Lenovo’s profits are up 90 per cent year on year.

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[Pleiades]

Err, I'd rather have HP's profits. £100 million or so for Lenovo doesn't seem all that much in today's money tbh...

[crossy]

Err, I'd rather have HP's profits. £100 million or so for Lenovo doesn't seem all that much in today's money tbh...

Quite, taking a "primary school look" at the figures in the article and you see that HP has to sell $25 to get $1 profit, but Leonovo has to sell $61 to get that dollar profit. Although the actual picture (I guarantee) is more complex. There's also been talk of Dell outselling HP, but their margins are a LOT thinner - Bloomberg covered this situation well.

EPS for HP was up and they beat the forecasts, so although there's a good hike left to go at least things are moving in the right direction - especially if they stop doing short term stuff like firing folks!

[Pleiades]

EPS for HP was up and they beat the forecasts, so although there's a good hike left to go at least things are moving in the right direction - especially if they stop doing short term stuff like firing folks!

But firing folks is what the bean-counters like to do, it always makes the figures look better (in the short term as you say)