The following appears on techday.com
HP’s local New Zealand unit has seen its revenues drop from $647 million in 2012 to $570 million in the 2013 financial year, a revenue decrease representing $77 million or roughly 12 percent year-on-year.
But despite the revenue decrease at the tech giant, gross profit margins changed little from 34.2% down slightly to 33.7%
One of the most dramatic changes on its profit and loss statement has been a $74 million reduction in administrative expenses, which dropped from $230 million to $187 million.
