Tomahawk, WI 8/26/2013 (BasicsMedia) – Hewlett-Packard Company (NYSE:HPQ) has just released its Q3 of 2013 financial results, where some very interesting things have been noted. Before we go deep to look at what these latest financials mean for the company, it would be a good idea to mention that even though HPQ has been affected by the dwindling PC sales worldwide, it hasn’t given up hope. There are several innovations which the company has embarked on,  which could transform its fortunes a great deal going forward and help it regain the share of the market  it had lost to some of the new companies emerging onto the scene.

HPQ Q3 2013 Revenue Falls

A look at the company’s latest financials still indicate that the revenue has fallen, much like what it has been doing over the recent years. This fall in revenue is also attributable to the drop in PC sales, which is turning into a growing concern for everyone associated with HPQ. I have also noted that certain aspects of this company, especially those responsible for enterprise services, printing, and software as well as converge storage, have started showing signs of life. Two of the products the company is developing, HAVEn and Moonshot servers have great potential if the market responds well to them.

HPQ Revenue Lags Behind Its Peers

The company’s revenue hasn’t grown at the same pace as that seen among its peers. The level of growth is too low, and this is one reason why the company is forced to deal with not so pleasant feedback from its investors. Its revenues have only witnessed growth of around 1.7% over the last three years, compared with the 6.2% growth witnessed within the industry among its peers. This is a clear indication that the company is not doing as well as others, which have to contend with a drop in PC sales too. Probably, HPQ hasn’t got its act together in certain respects and compares poorly with its peers.

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Some of HPQ’s peers which are not doing as badly despite the poor PC sales include Microsoft, Apple, Cisco, IBM and Dell Inc as well as Lenovo Group Limited. But I think the fact that HPQ reported revenue of around $27.23 billion is quite commendable. Now, while this figure might seem small, and below what its competitors are reporting, it is more or less what we have come to expect from HPQ. Added to the fact that it has made this despite the poor PC sales, one may be forgiven for stating that Hewlett-Packard has actually tried. This is proof that it is not giving up hope as yet.

HPQ didn’t perform too badly. What it reported as financial results wasn’t too far off from what analysts had estimated. The company reported earnings of 0.86 cents per share, which is what analysts had estimated. It reported revenue of around $27.23 billion, compared with the $27.29 billion which analyst has estimated. In the previous paragraphs, I had indicated that there are a few innovations which HPQ is in the process of developing. This is the one factor which convinces me that they are yet to give up, despite what industry experts have been saying for quite some time.

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