HP reports higher quarterly profits

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Computing giant Hewlett-Packard reported this week that profits for the first-quarter jumped 26 percent compared to figures from last year, as the company enjoyed increasing demand for printers and laptop computers during the holiday season. Earnings were also up for the quarter at $25.1 billion, compared with $22.7 billion during the same quarter last year. From those $1.55 billion were profits.

The news could not have come at a better time for the #1 worldwide PC manufacturer, after several months of heated reports after the pretexting scandal and the stepping down of former chairwoman, Patricia Dunn.

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