HP Financial Services has reported revenue of $670 million in
its third quarter. Although revenue was down by 1 percent
year-on-year, this was still up on the company’s second quarter
results.
It was not all bad news, though, as financing volumes had
increased by 12 percent on the same period last year, while net
portfolio assets were up by 6 percent. The company added that
operating profit was $53 million – 6 percent up on last year’s
results.
Go deeper with GlobalData
Of HP Financial Services’ revenue, over half was attributed to
the Americas region, while 31 percent was from EMEA and 13 percent
from Asia-Pacific.
Jason T Hesse
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