Sunday, January 25, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NVIDIA Comments On GeForce GTX 970 Memory Allocation Reports
Google Comments On Lack Of Security Patches On Older Android Phones
Sony is Offering Old Games To Settle The 2011 PlayStation Network Breach
Sony Postpones Earnings Announcement
January Windows 10 Build Released Through The Windows Insider Program
Flexible Computers Are Stil Away From Reality
China Denies Microsoft Outlook Hacking Allegations
A Look at Microsoft's New Spartan Browser
Active Discussions
Sound card for my Laptop
HELP!!!
full screen wide screen
UDF errors
Hi
The Simplest Way to Download KODAK HERO 7.1 Driver
About the restriction problem of chapter quantity in DVD
Booktype utilities for LiteON and OEM DVD Recorders
 Home > News > General Computing > HP Post...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, August 23, 2012
HP Posts Losses For Third Quarter


Hewlett-Packard swung to an $8.9 billion quarterly loss as personal computer sales shrank. The loss was also linked to HP's $13.9 billion purchase of Electronic Data Systems Corp.

The company also on Wednesday reduced its full-year earnings outlook slightly to the low end of its previous range, responding to a faltering PC market as well as touch economic conditions in Europe and also China, where growth too is slowing. Its shares slid more than 4 percent in late trading.

HP is undergoing a multi-year restructuring aimed at focusing the sprawling corporation on enterprise services. The company cut 4,000 jobs in fiscal third quarter and will likely have shorn 11,500 jobs by end of fiscal 2012.

The massive quarterly loss was expected as the company said earlier this month that it would take a noncash charge of $8 billion, primarily writing down the value of its 2008 acquisition of EDS for $13.9 billion.

Revenue from all of HP's main business units fell, with the personal computer division recording the steepest drop of 10 percent, to $8.6 billion.

Services revenue dipped just 3 percent to $8.8 billion.

HP's business continued to be hit by a slowing economy in most of its biggest regions, including Western Europe and China.


Previous
Next
Microsoft, Youtube, To Launch Election Hubs        All News        FTC Clears Facebook's Acquisition of Instagram
Microsoft, Youtube, To Launch Election Hubs     General Computing News      FTC Clears Facebook's Acquisition of Instagram

Get RSS feed Easy Print E-Mail this Message

Related News
HP Refreshes Its Tablet Lineup
HP Takes Legal Actions Against Patent Infringing Inkjet Supplies
HP Announces new Mini Desktops And Workstation for the office
HP Debuts Virtual Reality Displays
HP To Release New Operating System in 2015
HP Unveils Ultra-thin Business-Class Notebooks
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
HP Releases The OMEN Gaming Notebook
HP Smartwatch Looks Classic, Coming Next Week
HP Broadens Moonshot Portfolio With Intel-powered Models
HP To Separate Into Two Public Companies
HP To Split Into Two Companies: WSJ

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .