HP Sees Gains large incomes, more acquisitions Like Palm in the future

Time 5/22/2010 10:21:00 AM
Source:fastcompany.com

HP showed its first quarter results this week, reported 13% of sales. And thanks to the acquisition of Palm during the software giant is clearly making something right.

HP's revenues reached a whopping $30.8 billion, which is yet another strong indicator from the IT industry that the global economy is on the uptick from the lows of the recession. It's also a sign that HP's mix of consumer products is finding the right customers.

CEO Mark Hurd, speaking to analysts during the financial report, also indicated that HP is going to carry on exploring acquisition opportunities, since he "continues to be excited" about the opportunities in PC tech, storage, networks, security and so on. Which means we may see HP making more surprise purchases, possibly to reinforce its Palm-based smartphone experiment.