HomeMy WebLinkAboutHEWLETT-PACKARD, BUILDING FOUR - PDP - 54-88G - MEDIA - CORRESPONDENCEP
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Wrnmgnz AY, February 18,t 98
0
By The Associated Press
"We're quite pleased with this
Net revenue for, the quarter
$12.4 billion, compared with $11'
PA L O ALTO, Calif. -
quarter's results,' said' Lewis E,
was $1:1 8 billion, compared with
billion in the same period last
Hewlett-Packard. Co. on Tuesday
Platt, HP, chairman, president
$10.3 billion 1aist year. Net rev-
year,
reported record net earnings of
,,and chief executive officer. "Many.
enue in. the United States was
Orders in , the United States
$929, million for the first quarter,
parts bf the company did well m
,$5.2 Billion, 'an iiidrease of 21 per-
rose 27 percent, , to - $5.3 :bilhon3 z
up 2 percent over the same period
an extremely challenging environ
, ;" cent, compared .with a year ago.
compared with the yearr `ago quar
last year. ' k .;.
ment. Despite currency effects, we
Meanwhile, revenue from outside
. ter. Orders from outside the Unit , -
The nation's - second-largest
achieved very good revenue and
the United, States. rose 10 percent
ed States.increased 4 percent and.,"
computer company said it earned
order growth. Our profit margins
A .to $6.6 bilhorL, `
were $7.1 billion.
86 cents a share on a diluted , were healthy and, overall, this
In Europe, re enue' totaled $4.2
The earnings were released
basis, down a penny : over last
was a solid start to the year."
million, an increase of 8 percent.
after stock markets had, closed for
year's first-quarter mark and just
.'Because of the volatility of.
; h1 Asia Pacific, Canada and Latin
the day. Before the' announce -
two cents below the 88 cents per.
Asian Warkets, Platt' said the..
America, combined revenue grew
ment, Hewlett-Packard shares
share anticipated by analysts sur-
company. faced "a difficult envi-
14 percent and was.$2.4 billion.
fell 25,cents:to close at $61.625 on
veyed by First Call.
ronmerit in Asia."
.",Orders for the quarter were
the New York Stock Exchange.
■ In Fat Collins
Hewlett-Packard Co. employs
about 2,900 people at its rod .
Collins plant. Locally, the com-
pany develops a variety of high-
technology products, including
components for computer work-
stations and software. H4al
operates plants in LovGreeley. The company
employment in Northern Colo-
rado numbers about 6,200.