The digital business week

23 Aug 2010

A digest of the top business and technology stories from the past week

Financial results for HP and Dell

HP hits US$30.7bn in revenue for Q3 2010

Hewlett-Packard reached US$30.7bn in revenue for the third quarter of 2010, up 11.4pc from last year.

Net profit rose to US$1.8bn, or US$0.75 per share, excluding legal settlement and taxes costs.

The Enterprise Storage and Server division’s revenue hit US$4.4bn, up by 19pc from last year.

Services revenue increased by just 1pc to US $8.6bn.

Personal Systems Group revenue increase by 17pc, rising to US$19.9bn.

Printer revenue reached $6.2bn, up 9pc, and software revenue rose by 2pc to US$863m.

Dell experiences 22pc revenue boost in Q2

Dell’s revenues reached US$15.5bn in the quarter ending on July 30th, which increased by 22pc from the previous year.

Net income for the quarter was $545m, up 16pc from the same quarter in 2009, with earnings per share at US$0.28.

Storage revenue grew to $624m, a 13pc increase and server and networking revenue grew by 35pc to US$1.89bn. Services revenue increased by 57pc to US$1.9bn.

Consumer revenue was flat at $2.9bn but large enterprise revenue saw a huge increase to US$4.5bn – up by 38pc.

Small and medium business revenue was up by 25pc to US$3.5m.

Dell’s gross margin, however, fell to 16.6pc, down from 18.7pc last year. As a result, Dell’s share price fell over 1pc in after-hours trading.

These results come soon after a quarter of the company’s shareholders withheld support for CEO Michael Dell’s re-election to the company board.

Google creates 200 jobs in Ireland with new ops centre

With the establishment of a new operations centre in Dublin Google is to create 200 jobs here in Ireland immediately.

The new Dublin-based operations centre will be focused on the search engine giant’s location-based products including Google Local and Google Maps.These new jobs will bring the number of people employed in Dublin by Google to a total of 1700.

“Dublin is rapidly becoming the multilingual internet capital of Europe and Google is proud to be leading the charge on this and further increasing our presence here,” said David Martin, director, Geo Operations for Google in Europe.