1. Friday May 25, 2018
      Home > BUSINESS
      Text:| Print|

      HP to lay off 27,000, profit slides 31%

      2012-05-24 09:04 Xinhua     Web Editor: Zhang Chan comment

      Hewlett Packard Co said on Wednesday it would lay off roughly 27,000 employees or about 8 percent of its workforce to jumpstart growth, and its shares rose 11 percent.

      The company said the layoffs would be made mainly through early retirement and would generate annual savings of $3 billion to $3.5 billion as it exits fiscal year 2014.

      The world's No 1 personal computer maker, which employs more than 300,000 people globally, also said on Wednesday that it had a 30 percent decline in second-quarter profit and a 3 percent decline in revenue in the quarter, compared with a year ago.

      Layoffs "adversely impact people's lives, but in this case, they are absolutely critical to the long-term health of the company," Chief Executive Meg Whitman said on a conference call with analysts.

      The company will take a pretax charge of $1.7 billion in fiscal 2012 related to the layoffs.

      HP has been trying to move past the internal upheaval that marked 2011, including the departure of two chief executives.

      Whitman, a veteran Silicon Valley executive who took the top job last September, has been trying to turn around the company.

      HP reported second-quarter net income of $1.59 billion, or 80 cents a share, compared with $2.3 billion, or $1.05 a share, a year ago. Revenue of $30.69 billion was down 3 percent compared with the same period last year.

      Excluding items, HP said it earned 98 cents a share, compared with analysts' average estimate of 91 cents, according to Thomson Reuters I/B/E/S.

      Autonomy Founder Leaves

      HP's acquisition of British software company Autonomy for over $11 billion is facing challenges, and results in the division fell short of HP's expectations, Whitman said.

      HP has moved the division under its chief strategy officer Bill Veghte, and Autonomy founder Mike Lynch will be leaving the company.

      Results from HP's other divisions were also weak.

      Sales from the personal systems group, encompassing PCs, were flat with a decline in sales to consumers offsetting revenue from commercial clients.

      Revenue from its bread-and-better printing group, which is being merged with the PC group, fell 10 percent after weak consumer and corporate demand.

      "We improved the channel inventory to within an acceptable range," Whitman said on the call, referring to the printing group. "However, we continue to face a weak demand environment."

      Sales of enterprise servers, storage and networking equipment fell 6 percent.

      HP shares rose to $22.35 after hours after closing down 3.2 percent at $21.08.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 羞羞漫画小舞被黄漫免费| 亚洲精品午夜在线观看| 免费播放国产性色生活片| 免费电影在线观看网站| 亚洲欧洲综合在线| 最近中文字幕大全中文字幕免费| 亚洲人精品午夜射精日韩| 国产精品免费在线播放| 亚洲人成人无码网www国产| 猫咪免费人成在线网站| 亚洲?V乱码久久精品蜜桃 | 亚洲人成无码网WWW| 黄人成a动漫片免费网站| 国产乱色精品成人免费视频| 精品久久久久久亚洲综合网| 国产一级淫片免费播放| 美女视频免费看一区二区| 亚洲av中文无码| 一级毛片免费观看不收费| 国产亚洲欧洲Aⅴ综合一区 | jizz免费在线观看| 中文亚洲AV片不卡在线观看 | 成全在线观看免费观看大全| 亚洲色精品aⅴ一区区三区| 中国国产高清免费av片| 亚洲韩国—中文字幕| 中文字幕成人免费视频| 亚洲色大成网站www| 四虎永久在线精品免费观看地址| 曰批全过程免费视频免费看| 区三区激情福利综合中文字幕在线一区亚洲视频1 | 花蝴蝶免费视频在线观看高清版| 四虎永久在线精品视频免费观看| 九九久久国产精品免费热6| 国产亚洲av片在线观看16女人| 蜜桃成人无码区免费视频网站| 亚洲人成黄网在线观看| 国产免费牲交视频| 精品亚洲永久免费精品| 亚洲五月丁香综合视频| 亚洲国产香蕉人人爽成AV片久久 |