HP will increase investment in R & D and sales
HP will increase investment in R & D and sales
article points out, HP's new CEO Awa Turk (Leo Apotheker) to the Wall Street leader explained his strategy, he said, although he will increase R & D and marketing investments in new technologies, But he will not abandon the policy of cost control.
Hewlett-Packard yesterday announced first-quarter outlook, saying first-quarter net profit to exceed analyst expectations. Awa Turk said later, HP will increase investment in R & D to improve product appeal to customers. HP also intends to consumer technology in business computing products.
Awa Turk reported in the financial analyst meeting, said: "We have a secret formula, a secret formula. The consumer technology innovations for commercial products can certainly bring a huge competitive advantage."
Awa Turk said he will continue the acquisition strategy, the future acquisition targets will focus on software, the future Another focus is to improve the growth rate of emerging markets.
R & D
HP disclosed in the earnings report, R & D costs for the fourth quarter of $ 814,000,000, an increase of 16%, the growth rate of more than a revenue growth rate.Awa Turk said the R & D and sales of additional investment will come from the reduction of other operating costs.
When CEO Hurd, HP's R & D costs in 2005 to 4.1% of its revenue. By July this year, the resignation of the former Hart, this proportion had fallen to 2.4%.
Awa Turk said, HP will be based on the performance of this fiscal year to re-pay policy formulation.
HP expects the next quarter's net profit would exceed analyst expectations, that business users because it will speed up the updating old computers and other equipment speed.
HP said to remove some of the costs, at least the next quarter net income more than $ 1.28 per share, quarterly revenue of 32.8 billion possible to 330 billion U.S. dollars.According to Bloomberg statistics, industry analysts expect the next quarter, HP's net profit was 1.22 cents and revenue of 328 billion.
Fourth quarter
According to HP's latest earnings report its fourth quarter net profit of 25.4 million, or $ 1.10 per share, a year earlier to 24.1 million, or 99 cents per share, an increase of 5.2%. Remove some of the costs, fourth quarter earnings per share of $ 1.33.
HP's fourth-quarter revenue of 333 billion U.S. dollars, an increase of 8.1%.Analysts had expected fourth-quarter revenue of 32.8 billion U.S. dollars, net profit of $ 1.27 per share. In the last quarter in 23,HP 22-quarter results exceeded analyst expectations.
HP's PC business income for the fourth quarter, 10.3 billion U.S. dollars, an increase of 4.3%; commercial storage devices and servers revenue was 52.7 billion U.S. dollars, an increase of 25%. Printers and print services revenue of 70 billion U.S. dollars, an increase of 8.4%.
Global visiting scheme
HP expects revenue in fiscal 2011 to 132 billion U.S. dollars between $ 133,500,000,000. Except certain acquisition costs and other expenses, net income per share will be between $ 5.16 to $ 5.26. Industry analysts expect HP's fiscal 2011 revenues of 132.3 billion U.S. dollars, net profit of $ 5.09 per share.
Awa Turk with industry analysts last month, had a conversation, begun around the world trip and visit the HP employees, customers and industry partners.
Awa Turk said: "I announced that I will be at the time of a global plan to visit once joked that I might travel to create a world record, I think maybe I have to do a little."
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source from:http://www.batteryer.co.uk/blog
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