CEO Mark Hurd
CEO Mark Hurd has been the chief executive officer of Hewlett-Packard Co since 2005. He is 49 years old. Follow Mr. Hurd and Hewlett-Packard Co in the news and blogs or share your own opinion about the company and its leadership.
HP ‘Executing Well’ claims CEO Mark Hurd
Reporting Q1 figures to the market yesterday, HP CEO Mark Hurd claimed that HP was ‘Executing Well in a tough market’. He went on to say ‘ Our market strength, disciplined cost management and diverse portfolio allowed us to differentiate HP in the global marketplace and gain share in key markets’. He was reporting 1% rise in revenues of US$28.8bn for the first quarter, with operating profits down 5% to US$2.5bn. The main engine for growth was the Services division following the takeover of EDS last year.
In the sector that we are interested in Imaging and Printing Group (IPG) saw revenue decline 19% to US$6bn. Supplies revenue was down 7%, while printer unit shipments decreased 33%, with consumer printer hardware units down31% and commercial printer hardware units down 39%.
This entry was posted on Thursday, February 19th, 2009 at 2:16 pm and is filed under General News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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