Hewlett-Packard Company (NYSE:HPQ) has reported a rise in its sales in quarterly earnings after a long time. Hewlett-Packard Company (NYSE:HPQ)‘s sales rose by 1% to $27.6 billion. Bloomberg’s Caroline Hyde talked about the change of trend in Hewlett-Packard Company (NYSE:HPQ)’s earnings in a program and said that Hewlett-Packard Company (NYSE:HPQ) must focus on new products and innovation to keep this trend persistent. She thinks that it was luck that Hewlett-Packard Company (NYSE:HPQ) managed to experience a boost in sales because PC market is elevating across the world.
“For the first time we are seeing sales up in three years, first quarter in twelve, so maybe just tentative steps that we are starting to see, how cost cutting action, how slashing of jobs, but also what we are seeing here is actually luck, this in the second quarter, the PC market has helped not only HP, but also Microsoft Corporation (NASDAQ:MSFT), also Intel, all the old guard and Hewlett-Packard Company (NYSE:HPQ) is itself one of the Silicon Valley’s oldest companies […],” said Hyde.
Hyde said that Hewlett-Packard Company (NYSE:HPQ) will have to diversify its product line as well as increase focus on software domain. She said that HP faced 30% of growth in the hardware sector, but there is not much growth in the software sector. She thinks that this rise in growth is not going to sustain if HP does not take any steps to enter new markets to tackle its rivals.
She also said that Hewlett-Packard Company (NYSE:HPQ) is trying to get cooler and more innovative in its products to attract more customer base. HP has launched 3D printers, sophisticated high performance data centers and supercomputers which are giving a huge edge to the company in the computing industry. Hyde talked about the water technology through which Hewlett-Packard Company (NYSE:HPQ) cools down its large data centers. She said that this is really fascinating how HP is using water in a smart way to get an importunate job done in the industry. She thinks that lack of cool factor in its products is letting its rivals like Lenovo and Microsoft Corporation (NASDAQ:MSFT) to take the lead in different markets.
Ralph V. Whitworth is one of the top shareholders of Hewlett-Packard Company (NYSE:HPQ) owning around 28 million shares of the company.
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