Hewlett-Packard is saying the its reveues will top $100 billion in fiscal 2008. Their financial year ends in October. It does sound a bit like the predictions Dell used to make. Those did not work out.
Revenue in the fiscal ending this past October was just below $92 billion.
Based on Hewlett-Packard’s growth rate over the last few years, it is entirely possible that they hit their forecast. Revenue in the 2004 fiscal was $79.9 billion. In 2005, the number was $86.7 billion.
The estimates obviously assume that the server and PC markets will continue to grow at their current pace. HP is likely to keep its share in the PC, printer and server markets, but the driver of the growth may end up being Vista and Microsoft Office.
If HP hits its number, they should send MSFT a thank you note.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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