HP sees biz stabilizing as PC shipments rise 2%
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Hewlett-Packard Co. said it saw signs of stability as it reported a quarterly profit and outlook on Tuesday that beat Wall Street’s forecasts. A 2% rise in PC shipments helped drive results. HP is the world’s largest tech company in terms of revenue and the largest global PC maker.
“HP’s performance this quarter is a result of our strong business portfolio, efficient cost structure and scale,” HP Chief Executive Mark Hurd said on a conference call with analysts. “Business is stabilizing, and we are confident that HP will be an early beneficiary of an economic turnaround … when conditions improve.”
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