HP Reports the Asia-Pacific Market Up 20 Percent

I have been advising folks that the US focus on fighting two wars in the Middle East and the subprime meltdown was going to have an adverse effect on IT expenditures in the US;  and advising that companies should consider an aggressive APAC sales strategy for IT.

In this CNN report, As U.S. Cools, World Demand Helps H.P. Outpace Rivals, HP reports that excluding currency effects, the growth in North America was up 10 percent, to $11.9 billion, compared with the same period a year ago.  Sales grew 19 percent in Europe, the Middle East and Africa, to $11.6 billion.

The strongest performer was the Asia-Pacific market where HP reported a 20 percent increase in sales, to $4.8 billion.

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