SHARE
Facebook X Pinterest WhatsApp

HP Sees Bright Signs Despite Revenue Decline

HP experienced a two per cent year-over-year decline in net revenue in the third quarter of its 2009 fiscal year, and revenue in most of its business units were down, but one industry analyst said the company’s size and diversification will help it do well later this year and into 2010. According to Mark Hurd, […]

Aug 20, 2009
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

HP experienced a two per cent year-over-year decline in net revenue in the third quarter of its 2009 fiscal year, and revenue in most of its business units were down, but one industry analyst said the company’s size and diversification will help it do well later this year and into 2010.

According to Mark Hurd, chairman and CEO of HP, the company’s business continued to stabilize in the third quarter and revenue was in the higher end of its prior guidance.

"We generated $3.9 billion (US) of cashflow, bolstering our strong balance sheet. I’m pleased with our execution in a tough business climate," Hurd said.

The U.S. remained stable for the second quarter in a row, but the company experienced continuing difficulties in Europe. At the same time, its business in China grew. According to Hurd, HP is realizing the benefits from its own IT transformation, which has resulted $1 billion in savings.

>>Click here to read the full story

Recommended for you...

Lightbeam Hires Former CrowdStrike Exec as New Channel Leader
XenTegra CTO Sellers on AI, Security & More 2026 Opportunities
November Leadership Recap: ‘Tis the Season for New Appointments
Jordan Smith
Dec 1, 2025
Nerdio Expands Capabilities in AVD & Microsoft Ecosystem
Victoria Durgin
Nov 28, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.