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HP quarterly results lower, names new Enterprise chief
2013-08-22 09:08:00| Telecompaper Headlines
(Telecompaper) HP reported adjusted EPS of USD 0.86 for its fiscal third quarter, down 14 percent from a year earlier and in line with its outlook of 84-87 cents. Reported earnings for the three months to 31 July were better than expected, at USD 0.71 per share versus a loss of USD 4.49 a year earlier. Revenues fell 8 percent year-on-year to USD 27.2 billion, led by a decline in the consumer PC market and a weaker enterprise equipment and services segment. Operating cash flow was down 6 percent to USD 2.7 billion. The company maintained its outlook for full year adjusted EPS of USD 3.53-3.57. In addition it announced the appointment of COO Bill Veghte as general manager of the Enterprise group, a role that will also now include managing the group's cloud services. He replaces Dave Donatelli, who will take a new role focused on identifying early-stage technologies and working with venture capital firms. No new COO will be appointed for the moment.
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HP Swaps Enterprise Chiefs, Still in Rebuilding Mode
2013-08-22 06:36:31| PC Magazine Notebooks Product Guide
Dave Donatelli is out as head of Hewlett-Packard's Enterprise Group and COO Bill Veghte is in as CEO Meg Whitman asks investors to be patient while a multi-year turnaround plan plays out.
Tags: mode
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HP Swaps Enterprise Chiefs, Still in Rebuilding Mode
2013-08-22 06:36:30| PC Magazine Desktops Product Guide
Dave Donatelli is out as head of Hewlett-Packard's Enterprise Group and COO Bill Veghte is in as CEO Meg Whitman asks investors to be patient while a multi-year turnaround plan plays out.
Tags: mode
enterprise
chiefs
rebuilding
HP replaces enterprise chief, posts Q3 sales drop
2013-08-21 23:05:34| InfoWorld: Top News
Hewlett-Packard reassigned Enterprise Group chief Dave Donatelli today as it reported an 8 percent decline in revenue for its fiscal third quarter, saying all of its major divisions except software brought in less money than a year earlier. COO Bill Veghte will take over the Enterprise Group, which makes the company's x86 and Itanium servers and its enterprise networking and storage products. Donatelli will take on a new role helping to identify early-stage companies with potentially valuable new technologies, HP said in a press release.
Update: HP replaces enterprise chief, posts Q3 sales drop
2013-08-21 23:05:34| InfoWorld: Top News
Hewlett-Packard reassigned Enterprise Group chief Dave Donatelli on Wednesday as it reported an 8 percent decline in revenue for its fiscal third quarter, saying all of its major divisions except software brought in less money than a year earlier. Chief Operating Officer Bill Veghte will take over the Enterprise Group, which makes the company's x86 and Itanium servers and its enterprise networking and storage products. Donatelli will take on a new role helping to identify early-stage companies with potentially valuable new technologies, HP said in a press release.
Tags: sales
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