HP’s Earnings with Apotheker’s Vision Expected Today
Hewlett-Packard is expected to announce its earnings report this afternoon and we can anticipate some optimistic results. The earnings call for first fiscal quarter ending in January is expected to report strong demand for networking equipment, servers and storage, but reduced personal computer sales due to low consumer spending. According to Reuters, HP is expected to post a rise of 6 percent in revenues, making it $32.95 billion and earning around $1.29 a share.
According to industry analysts, the good performing segments contributing to increased revenues include printing and IT services segments. HP’s latest weapon resides in the wireless device market; the webOS-powered TouchPad is also a contributing factor, and is set to give tough competition to Apple and Google.
Ever since Leo Apotheker has joined HP as CEO after the ousting of Mark Hurd, the company is focusing on expanding its footsteps in the software market. Apotheker has several plans for company’s growth and innovation techniques. While we haven’t heard much from him so far, the time has come to hear his roadmap, most likely today.
After the departure of Hurd, the company is rebounding and has grown over 15 percent this year. There are several other transformations going on at the top level too, which include the addition of five new directors, including billionaire former eBay CEO and gubernatorial hopeful Meg Whitman.
Under the leadership of Apotheker, HP is making several developments, such as the recently acquired Vertica, the electronics giant. This acquisition is the first since Apotheker took over, and can help HP enhance its data optimization offerings portfolio with real-time, large-scale analytics. The deal is important for the company because it considers Vertica attractive due to several reasons, like the fact that HP customers already run Vertica solutions on HP servers and BladeSystems. It has proven success with more than 300 customers around the world and has leading technology to enable real-time business analytics.
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