Saturday, April 19, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HTC Hired Ex-Samsung Marketing Officer
Xbox One Wolrdwide Sales Cross 5 million
Samsung Works With GLOBALFOUNDRIES On 14 nm FinFET Offering
Facebook To Find Nearby Friends
Console Sales Lift AMD's First Quarter Results
LG Expands 'Second Screen' TV Ecosystem With Open-Source SDK
Amazon Announces Kindle Service For Samsung Devices
Nokia Halts Sales Of Lumia 2520 Tablet
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Unveils New DreamColor Displays And Z Turbo SSD
HP To Enter The 3D-printing Market
HP Is Rolling Out Budget Android Tablet
HP Unveils 360-Degree Convertible PC, 64-bit Windows 8.1 Tablets
HP Chromebox Comes in Four Colors
HP Returns To The Smartphone Market With Two Phablets
HP Announces New all-in-one Business PCs, Laptops and Desktops
HP Updates Commercial PC line, Reveals Thin Client With Quad-Core Processors
HP Expands Leap Motion Gesture Controller Integration into All-In-One and Desktop Platforms
HP Launches New Android Tablets
HP Reports Improved Fourth Quarter Results
HP To Release $89 Android tablet With Intel Chip Next Week

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .