HP Reports 4Q13 Earnings

For the quarter, HP reported revenue of $29.1 billion, down three percent year-over-year. For HP’s full fiscal 2013, revenue was $112.3 billion, down 7 percent year-over-year.

“With the final quarter of our fix and rebuild year now behind us, I am pleased with our progress in fiscal 2013,” Whitman said during her company’s earnings call. “As we said, when we laid out our five-year plan, we expected that our turnaround would not be linear and we saw that during the year.”

One area where HP is improving is within its Enterprise Group, which reported $7.6 billion in revenue, representing year-over-year growth of two percent in the fourth quarter. Whitman said that the fourth quarter Enterprise Group growth is that first time that business unit has grown revenue in eight quarters.

Read the full story at Datamation:
HP Plants Acorns for Future Growth in 2014

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.

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