HP said on Tuesday that it expects revenue growth to slow to just five per cent to six per cent during 2009, and expects to boost profit margins as it continues to cut costs.The projection is largely inline with analysts' predictions and follow's HP's chief executive, Mark Hurd's cutting of around 15,000 jobs since 2005, and the company's consolidation of data centres and real estate.
However, the company, which has continued making acquisitions throughout the restructuring, said that it doesn't expect to stop doing so anytime soon, indicating that it had factored in around $1 billion into its revenue forecasts to do so.
Advertisement
Related Stories
- Westcoast to hold HP Generation8 events May 23rd 2012 at 10:15AM
- Vendor job cuts rumoured to be on the way May 21st 2012 at 1:21PM
- HP updates ultrabook range May 9th 2012 at 10:43PM
- Facebook splashes a billion on Instagram Apr 10th 2012 at 2:39AM
- HP merges PC and printer units Mar 21st 2012 at 7:23PM
- HP Institute to tackle IT skills gap Feb 24th 2012 at 6:51AM
- HP's Meg Whitman lauded by resellers Feb 16th 2012 at 10:50AM
- HP launches first all-in-one space saving workstation Feb 15th 2012 at 4:32AM
- HP expands partner programme Feb 14th 2012 at 9:43AM
- Caseking.de buys Overclockers UK Feb 9th 2012 at 7:52AM
