Thursday, August 25, 2016

Computer: HP disappointed investors with cautious business outlook – ZEIT ONLINE

Palo Alto (dpa) – The computer giant HP continues to suffer from weak printer sales, the PC business is run but better in the last quarter.

The total profit quarter as the company on Wednesday after US market close (local time sank in late July signed third-year by eight percent 783 million dollars (about 695 million euros) ) announced. The revenue fell by four percent to 11.9 billion dollars.

For the current quarter, HP introduced an adjusted profit 34-37 cents per share in view – and was thus significantly below the expectations of analysts. Investors reacted disappointed the stock fell after trading around six percent after. According to HP, the muted forecast is also due to the decision to reduce inventory levels in printers.

Revenue from printers shrank last quarter by 14 percent to around 4.4 billion dollars. HP CEO Dion Weisler but sees progress. Revenues in the PC business remained stable at good 7.5 billion dollars, thanks to a sharp rise in demand for notebooks HP’s return at the same time a sales increase of four percent.

In Germany alone, the Group increased in the second calendar quarter, according to calculations by market researcher Gartner, sales by a good 50 percent to 468,000 units. The industry-wide PC shipments is weakening for years because consumers and businesses access to more smartphones and tablets. Last business was slightly better.

CFO Cathy Lesjak said in a conference call with analysts, the Proposed referendum on United Kingdom membership of the European Union-episodes made the company long-term concerns, although the effect was so far been low. HP is building from 3,000 jobs to keep costs down.

HP Inc. was formed in November 2015 the smashing of Hewlett-Packard and performs the classic hardware business of Silicon Valley bedrock on. The IT services were separated in the new Hewlett Packard Enterprise (HPE).

HP Inc. Announcement


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