Channel Beat: HP Inc. To Lay Off Thousands In 2016
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HP Inc. will cut more than 3,000 jobs this year, accelerating a plan of layoffs that previously was slated to take three years.
HP Inc. released its latest earnings this week, with core printing sales down 17 percent and the PC business down 13 percent in its first quarter.
HP Inc. shares were down 1 percent in after-hours trading following the numbers.
Salesforce wrapped up its fourth quarter with $1.81 billion in revenue, a 27 percent year-over-year increase.
CEO Marc Benioff called it the best quarter the company has ever seen, and the stock jumped above $68 in after-hours trading.
Benioff credited a recent deal with Accenture for the company's continued growth. The CEO advices partners to continue selling cloud apps and take advantage of Salesforce platforms internally.
Microsoft will acquire mobile application development startup Xamarin. Microsoft announced the deal this week, nearly two years after CRN first reported the companies were in talks about a deal.
With Xamarin, developers can build native iOS and Android apps using Microsoft programming language. Developers can write one set of code to use for apps targeting various platforms. The technology has more than 1.3 million developers as users.
Details around the deal have not been disclosed.