HP has also overachieved financial targets by a record 110 percent.
According to the figures released by IDC, HP's Middle East region comprising the United Arab Emirates, Egypt and the Kingdom of Saudi Arabia, has been deemed the best performing region.
Also, within HPs International Sales Europe (ISE) region, which comprises of 150 countries, HP Middle East has continued to maintain its number one sales position.
'We attribute our success both to team work and to continued innovation,' said Amr Hassan, general manager of HP IPG Middle East. 'By shifting the entire ordering cycle backwards by 14 days and by creating smooth processes for order management, shipments, backlog, forecasting and inventory, we have improved forecast accuracy, and been able to surpass the targets we set ourselves,' he stated. 'As a result, the Middle East region is now the leading contributor to revenues in emerging markets,' he said.
HP's IPG business unit includes commercial and consumer imaging and printing devices, hardware, and publishing systems. The unit aims to build services capabilities through consulting and integration, managed services and outsourcing, and break-fix services, in order to support some of the Group's overall customer strategies - improving workflow and productivity; helping businesses become more efficient by enabling business-critical document management; and helping customers succeed in the marketing collateral space through new offerings in its commercial digital press line.
HP's Imaging and Printing Group asserts command in Middle East market
HP (NYSE:HPQ) has announced the first half results for its Imaging and Printing Group (IPG) for the year 2003, securing a 36 per cent increase in commercial imaging and printing products, and a 20 per cent increase in total hardware sales.
- United Arab Emirates: Tuesday, June 17 - 2003 at 14:45
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About HPHP delivers vital technology for business and life. The company's solutions span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium business. For the last four quarters, HP revenue totaled $70.4 billion. More information about HP is available at http://www.hp.com
About HP Middle East
HP is the largest IT company in the Middle East employing about 500 people in the region. HP has been present in the Middle East since 1968, and opened its first regional office in 1994 and has offices in Dubai, Abu Dhabi, Cairo, Riyadh, Jeddah and Khobar servicing the GCC, the Levant and Egypt. For more information about HP in the Middle East, please visit http://www.hp.com/me
IDC Quarterly Tracker, Q1CY2003, published May 30, 2003.
Further information is available at http://idctracker.com/
Unless specified as customer revenue, all other figures are factory revenue.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development and performance of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's quarterly report on Form 10-Q for the quarter ended January 31, 2003, and subsequently filed reports. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP assumes no obligation to update these forward-looking statements.
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, June 17 - 2003 at 14:45 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Monday, August 18 - 2003
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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