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Kamis, 18 Agustus 2011

HP TouchPad In The Opposite Direction Reveals PSG Spin-Off Plan In Wild Q3 Profits

Hewlett-Packard reported fiscal third-quarter results on Thursday, and would not be an exaggeration to call it a seismic event in Palo Alto, California, that the history of the seller.

A central theme of the call is the CEO Leo Apotheker efforts to HP in the new version of a provider of lean, worst of IT services, software and hardware. As part of this transformation, HP is exploring a possible spinoff or sale of its Personal Systems Group, although Apotheker said a decision would probably take 12 to 18 months - there is everything.

"HP Board and management to look at all strategic opportunities," Apotheker said in a Q & A after the call. "Over time, our decision will crystallize on what to do with PSG in the future, and that's all I can say right now."

In a decision that shocked many HP channel partners, the company decided to kill the HP TouchPad just over six weeks after its launch. HP is abandoning its other products WebOS hardware, Veer pre3 and smartphones.

There was a lot of other surprises in Q3 call, including $ 10.3 billion HP acquisition of autonomy, a developer of information management and infrastructure software, and HP has appointed the European bison, John, who previously Enterprise Services HP has brought to the Americas, as Vice President of Enterprise Services at HP.

"It is indeed great news," said HP CEO Leo Apotheker.

Q3 ended July 31, HP reported a profit of $ 1.93 billion, or 93 cents per share, up 9 percent from $ 1.77 billion, or 75 cents per share, a year before the season. Turnover of the company sent $ 31.2 billion, compared to 75 cents per share and $ 30.7 billion last year in Q3. Wall Street analysts were expecting $ 1.09 per share and net sales of $ 34 billion.

PSG division revenue was $ 9.6 billion in the third quarter, down 3 percent year on year. Although HP commercial PC sales rose 9 percent, sales of PC consumption fell by 17 percent, compared with a decline of 23 percent in the second quarter.

Sales of equipment WebOS totaled $ 266 million, but the unit posted an operating loss of $ 332 million and HP took a 5 percent drop from this result. HP CFO Cathie Lesjak said the deficit would have been even greater in the fourth quarter, if HP had not made the decision to stop making equipment.

While HP executives have spoken in terms of opportunities for fatty WebOS, HP obviously realized that taking the sleeping pill market Apple might be hard to beat. "Our intention was to strengthen WebOS as a clear number two in the market, we could not achieve our goal," said Lesjak.

HP plans to release its hardware WebOS activities before the fourth quarter begins in October. "The fact is that the touchpad does not get enough grip on the market," said Apotheker.

However, HP still seems to think there may be opportunities for your WebOS license to third parties.

"WebOS is received very well - the developers consider it, and users like it," said Apotheker. "We are looking for all the strategic options of the software."

HP Enterprise Servers, storage and business networks (ESSN), which has soared in recent quarters, saw revenue grow 7 percent year on year but fell nearly 3 percent last quarter. ESSN profits fell percent year on year and 8.75 percent in the previous quarter.

Inside ESSN, business-critical systems, sales increased 9 percent year-over-year and 16 percent sequentially, while sales of switching and routing products jumped 18 percent. However, Apotheker said HP is still grappling with fallout Oracle decision in March to abandon the development of Itanium.

"Our ability to close deals to be affected by the decision of Oracle, and orders were canceled," said Apotheker the call.

In the third quarter increased the benefit of HP Services by 3.6 percent, but profit fell 11 percent. HP is about to transform its business services with a view to the higher-margin deals, and Leo Apotheker described as "a four to six quarts trip."

HP Application Services revenues increased 2 percent year over year and modernization Apotheker highlighted application, security and private cloud services are specific areas of strength. "We continue to gain momentum with our strong cloud [Discovery] Workshops," he said.

HP's Imaging and Printing Group, the face of revenue and margin challenges as a result an earthquake in Japan in March, which is still contributing to the shortage of supply chain Toner. IPG Q3 net sales were EUR 6.1 billion, down one percent year over year and operating margin was 14.7 percent.

HP reduced its forecast for the third consecutive quarter, a move that Apotheker was calculated based on the faces of the challenges of HP. "We do not take this action lightly, and we know that investors do not like being put in this position," said Apotheker.

For the fourth quarter, HP forecast revenue of $ 32.1 billion to 32.5 billion and non-GAAP EPS of $ 1.12 to 1.16. For its fiscal 2011, HP expects revenue of $ 127.2 billion $ 127.6 billion and non-GAAP diluted EPS of $ 4.82 to $ 4.86

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