{"id":40838,"date":"2014-08-21T11:00:03","date_gmt":"2014-08-21T11:00:03","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=40838"},"modified":"2014-08-21T11:00:03","modified_gmt":"2014-08-21T11:00:03","slug":"hps-sales-inch-up-but-profit-falls","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=40838","title":{"rendered":"HP&#8217;s sales inch up but profit falls"},"content":{"rendered":"<p id=\"story_continues_1\">Computer giant Hewlett-Packard has reported a sharp fall in profit despite a rise in revenue helped by improved computer sales.<\/p>\n<p>The firm\u00a0<a href=\"http:\/\/h30261.www3.hp.com\/phoenix.zhtml?c=71087&amp;p=irol-newsArticle&amp;ID=1959911&amp;highlight=\">reported<\/a>\u00a0$985m (\u00a3593m) profit compared to $1.39bn a year ago for the three months to the end of July.<\/p>\n<p>Revenue rose 1% to $27.6bn, helped by a surprise 12% rise in its personal computer sales.<\/p>\n<p>&#8220;My confidence in the turnaround grows stronger,&#8221; said chief executive Meg Whitman.<\/p>\n<p>HP is currently in the middle of a restructuring plan that involves deep job cuts and is trying to refocus itself on more lucrative lines of business such as computing infrastructure.<\/p>\n<p>Ms Whitman acknowledged demand for personal computers was &#8220;coming back some&#8221;, but said it was &#8220;a turnaround in a declining business&#8221;.<\/p>\n<p>The firm also narrowed its earnings forecast for the full year, but said it was still in a position to make acquisitions &#8220;if necessary&#8221;.<\/p>\n<p>&#8220;We&#8217;re in a position to make acquisitions the way we weren&#8217;t over the past year,&#8221; said Ms Whitman.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Computer giant Hewlett-Packard has reported a sharp fall in profit despite a rise in revenue helped by improved computer sales. The firm\u00a0reported\u00a0$985m (\u00a3593m) profit compared to $1.39bn a year ago for the three months to the end of July. Revenue rose 1% to $27.6bn, helped by a surprise 12% rise in its personal computer sales. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":40839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[18],"class_list":["post-40838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dr-akwasi-osei"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40838"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/40839"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}