Servers and storage lead HP revenue rise
The company has seen overall revenues rise by eight per cent, but the enterprise business has shone the brightest with growth of 25 per cent.
![Revenue rise](https://cdn.mos.cms.futurecdn.net/owdgQkET8ixM8M9miXhsW5-320-80.jpg)
HP has released fourth quarter results to impress, with net revenues reaching $33.3 billion (20.8 billion).
This was a rise of eight per cent from the same quarter last year, where revenue amounted to $30.8 billion.
However, the most impressive growth for the company came in the Enterprise Storage and Servers (ESS) business, with revenues rocketing 25 per cent to $5.3 billion.
Broken down, server revenue rose by 32 per cent and storage was up 14 per cent.
Commercial divisions in the company also performed well, with PC revenue up 20 per cent and printers up 22 per cent.
The results have led to some much needed positive publicity for the company, which has been surrounded in negative PR over recent months.
Along with the departure under a cloud of former chief executive (CEO) Mark Hurd, HP has had to deal with the wrath of Oracle CEO, Larry Ellison, accusing the company's new leader of being involved in TomorrowNow allegedly stealing software whilst he was head of SAP.
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Leo Apotheker was just enjoying the good news today, however, despite the SAP/Oracle case rumbling on in the background.
"HP proved once again that it is able to execute given its market strengths and technology leadership," he said.
"I have seen firsthand that we have talented people who are focused on delivering value for our customers. Our market opportunity is vast, and I am confident that we will extend our leadership into the future."
Cathie Lesjak, HP executive vice president and chief financial officer (CFO), added: "We continue to invest in the business, in sales and in R&D, while driving further efficiencies."
Jennifer Scott is a former freelance journalist and currently political reporter for Sky News. She has a varied writing history, having started her career at Dennis Publishing, working in various roles across its business technology titles, including ITPro. Jennifer has specialised in a number of areas over the years and has produced a wealth of content for ITPro, focusing largely on data storage, networking, cloud computing, and telecommunications.
Most recently Jennifer has turned her skills to the political sphere and broadcast journalism, where she has worked for the BBC as a political reporter, before moving to Sky News.
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