Ron Burgundy Posted May 25, 2016 Share Posted May 25, 2016 (Reuters) - HP Inc , which houses the former Hewlett-Packard Co's legacy hardware business, reported a better-than-expected quarterly profit as aggressive cost cutting helped counter weak demand for personal computers and printers. "I believe the general sentiment from HP Inc investors is that it could have been much worse given how poorly the PC market has been expected to be and the poor PC sales numbers put forth by peers," Bill Kreher, tech analyst at Edward Jones, said. HP Inc said in February it was accelerating its restructuring program and still expects about 3,000 people to exit by the end of the financial year 2016, instead of over three years, as announced initially in September. View the full article Quote Link to comment Share on other sites More sharing options...
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