Friday, August 21, 2015

HP Stumbles on Weaker PC, Corporate Demand Before November Split - Bloomberg Business

It'll be interesting to see how the HP => HPE + HPI split works out

"Sales declined across most divisions in the fiscal third quarter -- in personal computers, services, printers and software -- fueled by continued weakness in the global personal-computer market. For the fourth quarter -- the last before the separation in November -- profit before certain items will be 92 cents to 98 cents a share, Hewlett-Packard said Thursday, below analysts’ average projection for $1.
“We faced a challenging macroeconomic and IT spending environment in the quarter,” Chief Executive Officer Meg Whitman said on a call with analysts. In the PC and printer market, which represents around half of Hewlett-Packard’s business today, the company sees “a difficult business environment for several quarters to come,” she said."
HP Stumbles on Weaker PC, Corporate Demand Before November Split - Bloomberg Business
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