HP: Regaining Its Old Momentum
Palo Alto, Calif.-based HP grew its worldwide server shipments by more than 5 percent in the third quarter, halting a slump of eight consecutive quarters of shipment declines, according to preliminary worldwide server market data from Gartner.
HP sold 669,129 units during the third quarter, up 5.4 percent from 629,213 units in the third quarter of 2012, Gartner estimated. HP's market share for the quarter climbed to 26.9 percent, up from 24 percent in the second quarter of 2013.
HP's turnaround came in the quarter that started about one month after CEO Meg Whitman pledged to step up the server battle with Dell, saying she would not accept "very aggressive competitive pricing" from Dell or others as an "excuse" for poor sales performance at HP.