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HP boss: The traditional PC again ensures growth

2014-03-21  |  Comebuy News

HP CEO Meg Whitman expressed 2014 significantly more optimistic in an Investor Conference on the results of the first fiscal quarter than in previous quarters. While previously repeatedly had spoken of a "multi-year trip" to the recovery and urged patience, it now turns out the PC growth in the commercial sector.

After HP with results surprised that better than by Wall Street expects fell out, Whitman spoke of a "stronger position, as we have seen over a longer period of time." She attributed that, in part on the response from HP on the industry trend towards a "new style of IT", while she praised HPs converged cloud and storage portfolio.

The HP-Chief sees signs that business customers are again interested in traditional PCs and they prefer to tablets. "There is a certain momentum in the long-overdue PC renewal," she said. "I think business customers have learned from their employees that they indeed want a Tablet, but need just more conventional computing devices, to their actual work to do."

Say goodbye to Windows XP contributes to the growth of PC sales in the commercial area, according to Whitman. "The migration from XP brings some tail wind," she said. "Overall, the shrinkage of the PC market slows down, and we are seeing signs of stabilization."

While the personal systems group by 4 percent compared to the same period last year, the enterprise group only by 1 percent could improve. Meg Whitman defended the Division however and said that its results correspond to predictions by Finance Chief Cathie Lesjak and herself. The lower growth justified it with the different conditions of the Enterprise Division: "there are long-term contracts. That's why it takes a while to turn the ship."

[with material by Rachel King,]

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