HP chief aims to steady turnround

Hewlett-Packard chief executive Meg Whitman is benefiting from a surge in PC sales. Now she needs to show she can make progress in other businesses, including software and services.

HP chief aims to steady turnround

The technology provider posted its first sales growth in 12 quarters, with revenue rising 1.3% to $27.6bn (€20.7bn) for the fiscal third quarter ended July 31. Profit excluding certain items was 89 cents.

Yet even as HP’s personal-computing business experienced a 12% revenue jump for the quarter, sales across the company’s other divisions — including services, printers and software — either declined or clocked in at less than 2% growth. The uneven results illustrate the challenges Whitman still faces in turning around the technology giant, even after moving to rev up growth with new products and cutting jobs to trim costs since she took over as CEO in September 2011.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited