HPD will sell more customers in the United States than it has in the past four years, a new report shows, with the company now reporting $8.2 billion in sales in the fourth quarter of this year, more than double its previous year’s $7.4 billion.
The results are a reversal from last year, when HPD reported $7 billion in net sales, and it is the biggest quarterly profit it has ever reported.
The company has seen growth in both its consumer and enterprise segments, and this quarter is expected to continue that trend, according to its earnings release.
The company also reported that its gross margin in the first quarter was 25%, compared to 26% in the same period last year.
HPD’s earnings are also expected to increase from $724 million to $735 million, due to the expansion of its healthcare business.
The new report, released Wednesday by research firm FactSet, shows HPD sales grew 6% in Q4 2017, which is up from 6.1% in last year’s fourth quarter.
HPE, the company’s main competitor, saw sales increase 6.6%, while sales of Dell and IBM were flat or declined.
HP’s revenue was down 5.3% year-over-year, and HP’s profit was down 7.6%.HP’s new report says the company has made significant investments in its healthcare infrastructure and has created a large number of highly skilled employees, including doctors, nurses, and pharmacists.
The report, which was produced by FactSet’s Global Healthcare Analytics group, also notes that HPD has continued to invest in new products, as it continues to build its network of doctors, pharmacists, and nurses.
This is part of the company trying to build out a stronger business in the health care space.
In addition, the report shows that HP’s healthcare business is in a better place than it was in 2016, thanks to a strong combination of its new healthcare network, increased employee engagement and better product offerings.