HP shareholders counting on Meg Whitman to lead the company into a quick turnaround received very disappointing news from the CEO: Don’t hold your breath. Whitman made her comments at HP’s annual analyst meeting. The company is on track for a turnaround, she reportedly said — but it won’t materialize until the end of fiscal year 2014. By 2016, however, Whitman expects the company’s revenue to be growing in line with gross domestic product, while operating profit will be growing faster than revenue.
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HP's Whitman: It's Going to Be a Long, Slow Ride
Posted by: Erika Morphy October 4, 2012 11:06 AMHP shareholders counting on Meg Whitman to lead the company into a quick turnaround received very disappointing news from the CEO: Don’t hold your breath. Whitman made her comments at HP’s annual analyst meeting. The company is on track for a turnaround, she reportedly said — but it won’t materialize until the end of fiscal year 2014. By 2016, however, Whitman expects the company’s revenue to be growing in line with gross domestic product, while operating profit will be growing faster than revenue.