成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開
HP's Mark Hurd: The Biggest Winner

HP's Mark Hurd: The Biggest Winner

Jon Fortt 2010年02月21日

????by Jon Fortt

????Just for a moment, forget about revenue and earnings per share. The most interesting number out of Hewlett-Packard’s earnings announcement this week was this:

????15.8%.

????That’s the profit margin CEO Mark Hurd and his team squeezed out of HP’s (HPQ) services business on the way to an impressive first fiscal quarter. The significance of the number? When Hurd bought lumbering services giant EDS for $13.9 billion a year and a half ago, he embarked on the corporate equivalent of that weight-loss show, The Biggest Loser. For HP to win, the former EDS has to drop weight. And the surest sign of weight loss is healthy margins.

????That 15.8% means those margins are up 3 points from a year before. Not bad. Of course, not all the news is rosy; services revenues were actually down 1% year-over-year, and margins dipped a bit from the previous quarter. Numbers like that don’t typically stand out in a quarter where HP’s overall sales were $31.2 billion, up 8%, and cash flow from operations was $2.4 billion. And HP has a long way to go before its services business gets to the same league as, say, IBM (IBM). But still, I’ll argue that the most important takeaway from the period is this: even when it has a rocky quarter, HP is disciplined enough to keep its services biz on a healthy weight-loss regimen.

????If you're one of those folks thinking, who cares about services? Dig into HP’s overall numbers a bit, and it becomes clear why that’s so important. PCs and printers get a lot of attention because they are HP’s legacy businesses – together they delivered half of the company’s revenue. But these days, services – things like data center management and software development outsourcing – are already shaping up to be the biggest single contributor to HP’s financial results.

????Take a look: Though the PC group generated more revenue last quarter ($10.6 billion versus $8.7 billion for services), the services business generated three times more operating profit. In fact, services operating profit ($1.4 billion) even outpaced that of HP’s notoriously profitable printing group ($1.1 billion).

????Here’s where those margins come in. Even though the services group brought in 1% less revenue last quarter than a year before, its operating profit was up about $300 million – that’s 27%.

????If Hurd can get services revenues humming again after a weak quarter – and on the analyst call he said services and software are showing signs of renewed vigor – the profit payoff should be very nice indeed. We’ll see how he does at next quarter’s weigh-in.

掃碼打開財富Plus App
国产成人精品月日本亚洲语音| 性欧美VIDEOFREE高清大喷水| 亚洲欧美日韩综合网站色aa| 内射白浆一区二区在线观看在线a | 91福利久久AⅤ无码精品色午麻豆精品国产| 人妻自慰蜜臀喷潮流白浆| 国产亚州精品女人久久久久久| 无码精品国产一区二区三区免费| 人妻无码久久久久久久久久久| 亚洲欧洲日产国产a∨无码| 日韩精品无码一区二区三区不卡| 久久综合国产乱子伦精免费| 亚洲精品国产摄像头| 一级白嫩美女毛片免费| 国产欧美一区二区精品性色| 国产激情视频免费播放| 人人爽天天碰狠狠添 | 欧美在线成人午夜影视| 夜夜高潮夜夜爽夜夜爱爱| 放荡大屁股少妇高潮喷水| 精品一级毛片A久久久久| 99久久99久久久精品齐齐| 我要看一级大黄毛片| 亚洲AV综合色区无码区| 特级毛片AAAAAA高潮流水| 九九99久久精品在免费线18| 成人H无码动漫在线观看| 国产精品久久久久久久AV大片| 国产AV日韩AⅤ亚洲AV无码馆| JK国产精品一区二区夜夜嗨| 精品人妻伦一二三区久久| 国产精品久久久久9999高清| 宝贝腿开大点我添添公口述视频| 人妻系列AV无码专区| a在线视频亚洲精品国产综合久久一线| 乱码卡一卡二新区网站| 亚洲欧美日韩v在线观看不卡| 国产午夜理论不卡在线观看| 精品国精品国产自在久国产不卡| 亚洲AV理论在线电影网| 无码爆乳护士让我爽|