Saturday, February 24, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
MWC: The Cat S61 Smartphone Measures Distances, Senses the Quality of Air
MWC: TCL Introduces Alcatel 5, 3 and 1 Smartphone Series, Android Oreo Smartphone and Tablets
IBM Researchers Talk About the Future of EUV at SPIE
Xiaomi and Microsoft Expand Their Collaboration in cloud, Devices and AI Areas
Google's Augmented Reality SDK ARCore 1.0 Released, Google Lens Updated
Google Assistant is Going Global
TEAC Releases New Reference Series Hi-Res Audio Models
First Affordable Android Go Smartphones Coming Next Week
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 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 Launches Device as a Service for Apple
HP Delivers Revamped Elitebook and Zbook Lines, Additions to 4K monitor lineup and New Thunderbolt Dock G2
HP Boosts Performance of Z4 Workstation, Unveils VR Windows Mixed Reality Headset
CES 2018: HP announces the HP ENVY x2, HP Spectre x360 15, HP Z 3D Camera
HP Recalls 50,000 Laptop Batteries
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

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 .