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HP offers rosy financial outlook
By Michael Liedtke |
September 30, 2010, Thursday
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Print Edition
Print Edition
Hewlett-Packard Co offered a rosy financial outlook on Tuesday without giving any guidance on the biggest issue hanging over the world's largest technology company: the identity of its next CEO.
The leading maker of personal computers and printers has been looking for a new leader since its board pressured Mark Hurd, its CEO of five years, to step down in an early August scandal revolving around allegations of sexual harassment and deceptive expense reports.
The company's interim CEO, Cathie Lesjak, told analysts HP's per-share earnings for its fiscal year ending in October 2011 will range from US$5.05 to US$5.15, excluding certain accounting items related to its recent acquisition spree. That would be up by as much as 14 percent from this year.
Next year's revenue is likely to be US$131.5 billion to US$133.5 billion, an increase of 5 percent to 7 percent.
The leading maker of personal computers and printers has been looking for a new leader since its board pressured Mark Hurd, its CEO of five years, to step down in an early August scandal revolving around allegations of sexual harassment and deceptive expense reports.
The company's interim CEO, Cathie Lesjak, told analysts HP's per-share earnings for its fiscal year ending in October 2011 will range from US$5.05 to US$5.15, excluding certain accounting items related to its recent acquisition spree. That would be up by as much as 14 percent from this year.
Next year's revenue is likely to be US$131.5 billion to US$133.5 billion, an increase of 5 percent to 7 percent.
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