Saturday, July 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google, Facebook, Microsoft, and Twitter Partner on New Data Project
Foxconn Breaks Ground in In Wisconsin Plant, Looks at AI and Beyond Apple
Western Digital and Toshiba Begin Sampling 96-layer QLC NAND
Cloud Services Keep Boosting Microsoft's Revenue
Comcast Won't Pursuit Fox assets, Focuses on Sky Offer
EU to Probe Qualcomm Over Pricing Case
Google's Project Fuchsia Could Be The Successor of Android Successor to Android
TSMC Cuts Sales, Spending Outlook
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
HPE Blue Brain 5 Supercomputer Aims at Unlocking the Secrets of the Brain
HPE Says Astra is The World's largest Arm-based Supercomputer
HPE Sees Accelerators As a First Step Towards Making Quantum Computing a Reality
Meet the Most Powerful HP OMEN 15 Laptop Yet
Notebooks and PC Sales Boost Hp Inc's Revenue
HP Announces New Lines of Laptops, Desktops and All-in-Ones
HPE Releases New Generation HPE Nimble Storage Platform
HP Introduces a new line of Gaming PCs
HP Introduces the HP Chromebook x2 $599 Detachable
HP Debuts New High-Performance Workstations
HPE and Dell Server Sales Soar in Q4
HP Launches Device as a Service for Apple

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .