HP has announced the first half results for its Imaging and Printing Group (IPG) for the year 2003, securing a 36 percent increase in commercial imaging and printing products, and a 20 percent increase in total hardware sales. HP has also overachieved financial targets by a record 110 percent.
According to figures released by IDC, HP’s Middle East region including the UAE, Egypt and Saudi Arabia, has been deemed the best performing region. Also, within HP’s International Sales Europe (ISE) region, which comprises 150 countries, HP Middle East has continued to maintain the number one sales position.
“We attribute our success both to team work and to continued innovation,” said Amr Hassan, general manager, HP IPG Middle East. “By shifting the entire ordering cycle backward 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. As a result, the Middle East region is now the leading contributor to revenues in emerging markets.”
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.
Arab News Compunet 5 August 2003
