HP's revenue continues to fall as the company tries to get back on its feet

HP’s revenue continues to fall, however, the company posted gains in enterprise services. Meg Whitman, HP president and chief executive officer, has said that “Through improved execution, strong cost management, and with the support of our customers and partners, HP ended fiscal 2013 on a high note”.

HP today announced financial results for its fiscal fourth quarter and fiscal year that ended on October 31, 2013. The company reported Fourth quarter diluted net earnings per share (EPS) at $0.73, up from a net loss per share of $3.49 in the prior-year period. Fourth quarter net revenue of $29.1 billion was down 3 percent from the prior-year period. Crucially, the company posted gains in enterprise services, the focus of its long-term recovery, buoying the hopes of investors.

 

Read full article

Comments