As Dell company , HP has suffered from the downturn in the PC market, but unlike its rival, HP used to take in-depth work in the corporate market. For a company like HP maneuver ended significant loss of market share and early retirement of the previous director.
To equalize the situation, efforts have been made, the main role in the development of strategies which are assigned to the current director of the company - Meg Whitman . Austerity measures, a focus on emerging markets , the dismissal of 18,000 people near and throwing out another 8000, and a year later another 3,000 - all this has led to the fact that during the period in respect of the annual HP has lost only 32% of the profits, while Dell has on this indicator fell by 79%. Investors are crying from happiness, and HP shares for the first time after a significant drop of 51% in the current year have started to grow and in a few hours up to 13%.
If we evaluate the performance of HP in terms of money, over the period, the company made $ 27.6 billion - is only 10% less than in the same quarter last year. Net income, as we have said, for the year decreased by 32% to $ 1.08 billion (was $ 1.59 billion). Hardest subsided unit for the production of PCs, especially laptops. During the quarter, revenue units decreased by 20% to $ 7.58 billion from the positive side the company said growth in operating margin from 2.7% to 3.2%.
HP printer division has traditionally supported the finances of the company. Annual revenue decline was only 1%, and the rate of return is equal to 15.8%. Small increases were sales of network equipment and x86-compatible server platforms. Systems RISC / UNIX servers represented on Itanium brought to 37% less than a year ago. .