archiveRevenue

HP Inc. continues to face challenges during its first year as an independent company. The company on Wednesday reported a drop in profit for the third quarter hurt largely by a 4 percent drop in revenues as the company continues to struggle with weak demand for printers. Shares of the computer and printer maker slipped 5 percent in extended session after it detailed a weak fourth quarter outlook, Nasdaq.com reports HP’s third-quarter profit dropped to $783 million or $0.45 per share from $854 million or $0.47 per share last year. Excluding...

HP Inc. continues to face challenges during its first year as an independent company. The company on Wednesday reported a drop in profit for the third quarter hurt largely by a 4 percent drop in revenues as the company continues to struggle with weak demand for printers. Shares of the computer and printer maker slipped 5 percent in extended session after it detailed a weak fourth quarter outlook, Nasdaq.com reports HP’s third-quarter profit dropped to $783 million or $0.45 per share from $854 million or $0.47 per share last year. Excluding...

Customers today expect modern solutions that save money, increase security, and give employees the flexibility to work anywhere, any time, on any device. At the same time, potential of Cloud continues to grow in the country. According to IDC research, Cloud spending is expected to exceed $500B by 2020. Growth in revenue of commercial cloud computing business has helped push Microsoft’s quarterly revenue above Wall Street’s expectations, sending the technology company’s shares up more than 4 per cent in after-hours trading, as reported by Channel News Asia. The cloud business -...