20 Aug 2008

Foreign sales boost HP earnings

12:53 pm on 20 August 2008

Hewlett-Packard reports robust international sales have boosted its quarterly profits.

The world's largest computer computer says profits for the three months to 31 July reached $US2.5 billion, up from $US1.78 billion in the same period a year earlier.

Revenue from outside the United States accounted for some 68% of the total, with particular strength in Asia.

Computer firms have targeted overseas markets as the US economy has cooled.

Revenue from Europe, Middle East and Africa climbed 5%, while revenue in Asia Pacific was 8% higher. Revenue from the Americas was up 3%.