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HP reins in revenue slide as turnaround progresses

21
Feb
2014

In the midst of a multi-year turnaround effort intended to revive growth, the Silicon Valley company is trying to reduce its reliance on personal computers and move toward computing equipment and networking gear for enterprises. Chief Executive Office Meg Whitman told analysts that the company saw corporations and agencies beginning to replace ageing computers in the quarter, while Microsofts decision to soon end support for its Windows XP operating system also prompted PC upgrades. Chief Executive Officer Meg Whitman said growth in revenue and operating margins in that crucial division was possible, provided demand from enterprises holds up. Its a knife fight every single day out there, but we feel weve got the right ammunition, she told analysts later.

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