Hewlett-Packard Co. (HPQ) Chief Executive Meg Whitman on
Wednesday said customers of its enterprise group are conservative
with their spending plans and that the company still faces a
"tough" macro-economic environment, but that H-P remains on track
with its five-year turnaround plan.
Ms. Whitman, in an interview on CNBC a day after it announced
fiscal fourth-quarter results, characterized those results as a
"good, strong solid quarter" but cautioned that the company "faces
a tough macro-economic environment.
"We're not forecasting any tailwinds from a macro-economic point
of view almost anywhere in the world." Europe, she said, is still
weak and she termed business in China as "soft." The U.S., she
said, is "stabilized but not taking off on a growth
trajectory."
Enterprises, Ms. Whitman added, "are still quite conservative
with their spending."
Ms. Whitman also said H-P's printing business is gaining market
share and the company "is confident" in the sector going into
2014.
As for the company's five-year turnaround plan, Ms. Whitman said
the turnaround on the company's balance sheet is completed and that
H-P is "on track" in its five-year plan.
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