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[El Reg] HP earnings fall 44% on Whitman's debut quarter

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Quote:
Originally Posted by The Register .co .uk 
Meg Whitman’s earnings statement from the first quarter of 2012 doesn’t look good, as she tries to clean the Augean stable left by Léo Apotheker.

In her first full quarter as CEO earnings for the company were down 44 per cent on the previous year, with the company getting hammered on revenues in the fast-growing Asia Pacific market - down 12 per cent, including currency calculations. The US was down 8 per cent on the same metrics, with Europe, the Middle East and Africa dropping 4 per cent.

"In the first quarter, we delivered on our Q1 outlook and remained focused on the fundamentals to drive long-term sustainable returns," said Meg Whitman in a statement. "We are taking the necessary steps to improve execution, increase effectiveness and capitalize on emerging opportunities to reassert HP's technology leadership."

To read the full article, click here.
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post #2 of 3

Ouch...

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post #3 of 3
lachen.gif This is a surprise? I'm almost certain HP brought in Meg Whitman to drive the company to bankruptcy. She turned eBay to crap, no surprises with her "accomplishments" at HP.
 
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