HP announces 4Q profits, and the news is good

In financial news, HP delivered something positive today. The fourth quarter has been a good one, with HP reporting a net income of $2.4 billion, in comparison to the $2.1 billion they reported last year. It’s nice to see some good news for a change.

HP has given credit to their Services division for the profits, despite a decline in software, imaging, and printing revenue. HP is also optimistic about 1Q 2010, and predicting earnings of $0.90 to $0.92 cents a share.