Do You Believe Whitman’s Big Vow?
Following a better-than-expected quarter, Hewlett-Packard (NYSE:HPQ) CEO Meg Whitman reinforced her commitment to keeping HP unified, in the process squashing any rumors of a possible PC spin-off that have circulated since 2011.
According to Forbes, Whitman said, “We have no plans to break up the company…I feel quite strongly that we are better and stronger together. HP has put together the most valuable franchise in IT…And we’re going to drive that to really great business performance.”
For the quarter ended January 31st, HP posted profit of 82 cents a share and sales of $28.4 billion. Despite being down from a year ago, both numbers outperformed analysts expectations, which were anticipating profit of 71 cents a share and sales of $27.8 billion.
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