HP predicts a tech rebound in 2010

By A Bisht

Hewlett-Packard Co has predicted that overall IT spending would bounce back in 2010.

Although HP prediction is below Wall Street's expectations, the industry is quite upbeat about the HP forecast.

HP’s forecast:        
Earnings, excluding items, of $4.20-$4.30 per share on revenue of $117 billion to $118 billion in fiscal 2010.
Implies: An operating margin of 11.4-11.6 percent.

Forecast of Analysts:    A $4.23 profit on $118.1 billion of revenue.

For fiscal 2010, HP forecast revenue growth in its services division of 2-4 percent, and growth of 3-5 percent in its PC business, which accounts for a fifth of overall turnover.
It forecast 0 to 2 percent growth in its printing groups, and a 2-4 percent rise in storage and servers. --------

Share This:

Facebook

Twitter

Google Plus

Pinterest

Linkedin