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.

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Comments (3)
  • deercreekvols
    , contributor
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    I have trouble caring what Meg Whitman thinks.
    9 Oct 2013, 12:34 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9513) | Send Message
     
    I changed my mind...

     

    I don't give a rip what Meg Whitman thinks.
    9 Oct 2013, 02:25 PM Reply Like
  • meta9999
    , contributor
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    Its good that debt is below pre-Autonomy levels because now they've paid in full for a completely worthless piece of junk which they will have to write off in its entirety. I also don't see how revenues will stabilize over the next year with almost all of their markets and their share of those markets shrinking. Whitman will blame the economy or business conditions when the revenues don't materialize....but I do applaud her on cost cutting and tighter expense controls.
    9 Oct 2013, 04:22 PM Reply Like
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