Whitman Sounds Off On Acquisitions, IBM, EMC And HP's Cloud Strategy
Hewlett-Packard CEO Meg Whitman spoke with CRN about Hewlett Packard Enterprise's acquisition strategy -- including whether she would rule out a blockbuster acquisition ahead -- and how the company's portfolio stacks up against IBM and EMC.
The discussion came after HP posted greater-than-expected profits for its third fiscal quarter ended July 31. HP reported earnings per share after charges of 88 cents on an 8 percent decline in sales, to $25.3 billion. The Wall Street consensus was diluted net earnings of 85 cents per share on sales of $25.4 billion.
The better-than-expected quarterly earnings came just 19 days after the computer giant began operating internally as two separate independent Fortune 50 companies: Hewlett Packard Enterprise, a $55 billion business made up of enterprise systems, storage, services and software, and HP Inc., a $55 billion PC and printing business. Whitman told Wall Street analysts she sees Hewlett Packard Enterprise rounding the corner with sales growth in sight.