HP Earnings Beat Expectations

CEO Meg Whitman says the company will "get back to the business fundamentals in fiscal 2012."

ZDNet: In its fourth quarter report, HP beat Wall Street expectations. The company earned $239 million, or 12 cents a share, on $32.1 billion in revenue. That's not as good as last year's $33.3 billion in revenue, but better than analysts had predicted.

In her first earnings call as HP's CEO, Meg Whitman signaled that the company would steer away from big acquisitions next year and instead "get back to the business fundamentals in fiscal 2012." She added, "We need to get back to doing what we do really well, being the reliable, trusted partner with whom our customers want to work and delivering the reliable, consistent results that all of you can count on."

Tags: HP

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.