HP saw revenue declines in four of its six units due to economic "headwinds" and ongoing restructuring efforts, the company said. Oh, and it also reported an $8.9 billion net loss for the third quarter.
In other words, HP is "still in the early stages of a multi-year turnaround," said HP CEO Meg Whitman.
HP's third quarter results came in largely as expected. HP telegraphed that it would take hefty charges related to its enterprise services unit.
Meanwhile, HP cut its fiscal 2012 outlook. The company said its non-GAAP earnings would be $4.05 … Read more