Friday, December 15, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Admits Spending Time on Social Media is Bad for You
Facebook Will Start Putting Ads Before Videos
Samsung's Smart Speaker Coming Next Year
Internet Neutrality is Officially Dead
Synaptics Brings First In-Display Fingerprint Sensors for Smartphones
Disney to Buy Fox Film and Some TV Businesses for $52 billion
Powerful iMac Pro is Available Today, Starting at $5,000
IBM Announces Collaboration With Leading Companies to Accelerate Quantum Computing
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > HP Inc'...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, February 24, 2016
HP Inc's Revenue Falls On Weak PC And Printer Sales


HP Inc.'s first financial results sinc ethe company's split from Hewlett-Packard Co are not good. The company today reported a near 12 percent drop in quarterly revenue, as it struggles with weak demand for PCs and printers.

Revenue in the company's personal systems business fell 13 percent in the first quarter ended Jan. 31, while it declined 17 percent in its printing division from a year earlier.

PC sales have been falling sharply worldwide and printer demand has been hurt as corporate customers cut printing costs and consumers shift to mobile devices.

"We have a clear strategy that leverages our strengths, and we are focused on execution, taking cost out of the business and delivering innovations that will amaze our customers and partners," said Dion Weisler, HP's President and CEO. "Although we have some tough quarters ahead, I am confident in the future."

The company forecast adjusted profit of 35-40 cents per share for its second quarter ending April 30.

Hewlett-Packard Enterprise Co, also spun off from Hewlett-Packard Co, is expected to report results on March 3.



Previous
Next
Broadcom Delivers NVMe/SAS/SATA Storage Controllers and NVMe Switch Management Software        All News        Slysoft Ceases Operations
San Francisco To Get Google Fiber Internet Connection Soon     General Computing News      Western Digital to Buy SanDisk For $15.8 Billion

Get RSS feed Easy Print E-Mail this Message

Related News
HP Patches New Keylogger Software in its Laptops
HPE and Dell Continue to Lead the Storage and Server Markets
HP Patches Code execution Bug in Enterprise Printers
AMD EPYC Processor Powers the New HPE Gen10 Server
New HPE Superdome Flex Server Offers up to 48TB of In-memory Analytics
HP Launches the Powerful ZBook X2 Detachable PC
HP Refreshes Spectre Portfolio With New Processors, Integrated Privacy Screen
HP Announces New Premium PCs, Offers Sevice As a Service, Launches University for Partner Employees
HP Announces new OMEN X Laptop
HP's Z VR Backpack G1 Workstation Puts Pros Into the VR World
HP Takes Back PC Shipment Crown from Lenovo
HP Debuts Omen Accelerator, Powerful Omen and Omen X Compact Desktops

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .