HP CEO sees possible 2014 revenue growth; shares up

NEW YORK Wed Jun 12, 2013 3:22pm EDT

Meg Whitman, chief executive officer and president of Hewlett-Packard, speaks during the grand opening of the company's Executive Briefing Center in Palo Alto, California January 16, 2013. REUTERS/Stephen Lam

Meg Whitman, chief executive officer and president of Hewlett-Packard, speaks during the grand opening of the company's Executive Briefing Center in Palo Alto, California January 16, 2013.

Credit: Reuters/Stephen Lam

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NEW YORK (Reuters) - Hewlett-Packard Co Chief Executive Officer Meg Whitman said on Wednesday that revenue growth was "still possible" for the computer maker in its next fiscal year but that the performance of the overall PC market was a wild card.

HP shares rose 4 percent to $25.22 in morning New York Stock Exchange trading after Whitman's comments in an interview on cable network CNBC.

Wall Street analysts have estimated revenue of $108.9 billion for HP's 2014 fiscal year, according to Thomson Reuters I/B/E/S. That would be down from their expectation of $111.4 billion for fiscal 2013, which ends in October.

Whitman, who took the helm at the world's largest PC maker more than a year ago, is working on a turnaround at the company.

(Reporting by Sinead Carew; Editing by Gerald E. McCormick and Lisa Von Ahn)

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Comments (1)
forteinjeff wrote:
If HP thinks they’ll hit the target thanks to increase PC sales, they’ve got a sad day coming. Meanwhile HP just got some more money of mine thanks to their e-printer tech that really works! HP, don’t put your head in the clouds. Build solid products we don’t need to replace every other year and you’ll make loyal customers forever.

Jun 13, 2013 9:42am EDT  --  Report as abuse
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