HP surpasses IBM

By Justin Mann on
HP had a fantastic year, apparently, so good that for the first time they have surpassed IBM in revenue for the year. Totaling $91.7 billion, they inched ahead of the IT giant. HP has long been just a step under IBM, and the two make up a majority of IT business around the world. HP cites a lot of the growth coming from increased use of laser printers and multifunction printers, which today are affordable enough to buy for the home. Overall this shows HP more than tripling the amount of profit they saw the past few quarters.

IBM is expected to finish the year with $90 Billion in revenue.

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