HP Announce Rise In Printer Demands
Printer and ink cartridge giant Hewlett Packard (HP) has announced that it has seen a rise in customer demand for printers.
This improvement comes after the company, the leader in the printer and consumables market, acknowledged that they had struggled during this year's global economic downturn.
In a speech at last week's Barclays Technology Conference, Cathie Lesjak, chief financial officer at HP, said: "I think that there's a sense at least within our organization that there is a bit of a budget flush going on and we want obviously to be there to take advantage of it."
She added: "We are definitely seeing an uptick in demand in printers … HP has already worked through shortages of ink cartridges and expects to do the same for laser printers by January 31st, 2010, the end of its fiscal first quarter."
The company has recently acquired networking solutions company for $2.7 billion (£1.662 billion).
By Angelina Jolessi