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HP revenue drops 8.1 percent in 3Q2015

HP revenue drops 8.1 percent in 3Q2015

August 21, 2015

hplogonewWeak PC sales and lower corporate demand have lead to a fourth straight quarter drop in revenue ahead of the OEM’s split.

Total revenue fell to $25.35 billion (€22.47 billion), missing the $25.4 billion (€22.52 billion) forecast, and was apparently hurt by the strong dollar, while the PC and printer business fell by 11.5 percent, Reuters reported.

CEO Meg Whitman said the factors pressurising the PC market will probably continue in the fourth quarter and into the next fiscal year.

HP is due to split into two separate companies – HP Enterprise and HP Inc. – in November 2015. It revealed the board members for the two companies earlier this month, with Whitman being President and CEO of HP Enterprise.

Categories : City News

Tags : Business HP Market Data

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