Wednesday, November 25, 2015

HP Faces PC Slump as Quarterly Profit Forecast Falls Short - Bloomberg Business

A tough start for HP/2; tangentially, see It's cloud soon gone, HP aligns with Microsoft Azure (PCWorld)

"HP Inc. gave a disappointing forecast for profit in its first quarter as a stand-alone company, hurt by its dependence on the lackluster market for personal computers and printers after splitting up with its corporate-technology counterpart.
On a conference call Tuesday following Hewlett-Packard Co.’s final earnings report as one company, HP Inc. executives said the PC industry is tougher than anticipated. The former PC and printer units were separated this month from the divisions that sell equipment, services, and software to businesses, now known as Hewlett Packard Enterprise Co. HPE’s quarterly profit forecast also fell short of analysts’ estimates, yet executives struck a more positive tone, pointing to revenue growth minus the impact of currency fluctuations."
HP Faces PC Slump as Quarterly Profit Forecast Falls Short - Bloomberg Business
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