Tim Bass
Tue, 20 Nov 2007 13:44:47 +0000
I have been advising folks that US-based wars and the subprime meltdown was going to have an adverse effect on IT expenditures in the US and that companies should consider APAC.
In this CNN report, As U.S. Cools, World Demand Helps H.P. Outpace Rivals, HP reports that excluding currency effects, the growth in North America was up 10 percent, to $11.9 billion, compared with the same period a year ago.* Sales grew 19 percent in Europe, the Middle East and Africa, to $11.6 billion.
The strongest performer was the Asia-Pacific market where HP reported a 20 percent increase in sales, to $4.8 billion.