After months of dismal news, HP had something positive to report to its shareholders: fiscal Q1 numbers that exceeded both Wall Street and company expectations. Granted, the bar was set exceedingly low for the company, which shocked investors last year with news that it would have to take an $8.8 billion impairment charge, $5 billion of which was directly attributable to its Autonomy acquisition. Still, investors welcomed CEO Meg Whitman’s litany of achievements.
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HP's Less Crummy Than Expected Q1 Spurs Wishing, Hoping
Posted by: Erika Morphy February 22, 2013 04:06 PMAfter months of dismal news, HP had something positive to report to its shareholders: fiscal Q1 numbers that exceeded both Wall Street and company expectations. Granted, the bar was set exceedingly low for the company, which shocked investors last year with news that it would have to take an $8.8 billion impairment charge, $5 billion of which was directly attributable to its Autonomy acquisition. Still, investors welcomed CEO Meg Whitman’s litany of achievements.