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HP switches key executives, dashes hopes for 2014 revenue growth

Hewlett-Packard executives last Wednesday disrupted the redistribution of a star perform a new role in identifying potential acquisition, as the world's largest personal computer maker reported a bigger than expected revenues and future forecast zero growth in sales year slide .
Its shares fell 5 percent in after-hours trading.
Silicon Valley stalwart, has undergone a radical reshaping under CEO Meg Whitman (Meg Whitman) in the past two years, is looking for ways to escape the PC sales decline, such as tablet PCs and smart phones to revolutionize calculation.
Whitman said that in May of 2014 fiscal year revenue growth possibility still exists, a Wednesday told analysts on a conference call, next year's economic growth is now "impossible" Enterprise Group and PC sector underperform.
", Said:" I read that the 2014 fiscal year increased by stretch goals, rather than a basic assumption, FBN Securities analyst Shebly Seyrafi. "This has become more challenging."
To meet this challenge, Whitman on Wednesday made a key personnel move, replacing David Terry and Bill Chaturvedi on HP's second-largest business unit, Enterprise Group at the helm.
Hartley's rising star, Wall Street analysts once thought to be a candidate for the office of high-tech CEO to give up his post of units, sales of servers, storage and software services to large organizations as chief. Now, he will focus on the early identification of investment in technology, the company said.
Perform engineering company's most important acquisitions in the past few years, including 3COM, and 3PAR, which helps to deep into the networking and storage markets catapult HP, respectively.
Whitman told analysts on a conference call computing giant "back in the market" as a strategic acquisition, which she saw the ongoing transformation is essential.
Chaturvedi immediately take the first division, and will not be replaced by chief operating officer of Hewlett-Packard Company. Vaidya after 2010 to join Hewlett-Packard, Microsoft, culminating in his title of Windows departmental business has 20-year career. He also served as Microsoft's server software development and marketing.
Revenue Slides
The reins, who in September 2011, HP CEO Whitman is trying to revive the board turmoil and rapid decline in global PC sales in the background, after many years, but has yet to stop the decline in revenue.
Terry is the latest implementation of a strategic role has been replaced. In June, the head of HP's mobile PC Todd Bradley, aims to increase its business in China and around the world distribution relations have entered a new job, many analysts see it as demotion.
Enterprise Group is HP's largest personal computer division after Whitman's efforts to improve margins and profitability an important part while trying to reduce the decline in revenue.
Sector, which in the latest quarter, sales recorded a decline of 9%, accounting for about a quarter of the company's overall sales.
All the company's third-quarter revenue of $ 2.72 billion, from $ 2.97 billion a year earlier fell as PC sales continue to shift to mobile computing sliding, and enterprise business tepid global IT spending grappling.
It missed Wall Street expectations of sales 27.3 billion dollar average.
Net overall revenue in the quarter came to $ 1.39 one billion, or 71 cents per share, compared with a loss of $ 8.9 one billion when compared to the same period last year, the company swallow a big IT outsourcing business it inherited when it purchased the Electronic Data Systems Corporation for nearly 1,400 one billion write-down in 2008.
Excluding one-time items, the company earned 86 cents, 86 cents analysts' average expectations, Thomson Reuters I / B / E / S match.
In the company's shares fell more than 5% to $ 24.07 in after-hours trading in New York Stock Exchange from close $ 25.38.



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