real-time news and commentary for investors
Wednesday, Oct 9
H-P jumps following analyst day remarks
- During H-P's (HPQ +5.7%) 2013 analyst day, Meg Whitman predicts the IT giant's revenue will "stabilize" in FY14 (ends Oct. '14), and start growing again in FY15. H-P is currently expected to see a 3.1% FY14 revenue drop, following a 7.7% drop for FY13. (live blog) (webcast)
- Whitman also declares H-P has stabilized its struggling enterprise services ops, and the the company's net debt is now below pre-Autonomy levels. No additional restructuring is planned; last year, H-P announced one featuring 29K job cuts.