August 20, 2010
HP reports Q3 2010 earnings, posts $2.3 billion operating profit
And to think -- that $2.3 billion figure might have been a few million higher if not for the absurd Golden Parachute thatMark Hurd will continue to float on for centuries to come. All jesting aside, HP published its Q3 2010 financials today, reporting a healthy $2.3b in operating profit (not to be confused with net income, which deducts those massive corporate taxes) and a five percent increase year-over-year. All told, third quarter revenue was listed at $30.7 billion (an 11.4 percent uptick from last year), with a "record" amount of services signings. Interestingly, a whopping 63 percent of total HP revenue came from outside of America, though we're struggling to find any specific mentions of Hurd or Palm in the release. We'll be checking in on the press call shortly -- we'll let you know if anything crazy goes down.
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