HP CEO States HP Wont Be Fixed Until 2016

2012-10-05 08:40:59

Published on 2012-10-05 08:40:59

The success of HP's change in strategy cannot be assessed until 2016, the ink cartridges provider's chief executive Meg Whitman has insisted.

Speaking to financial analysts, Ms Whitman admitted that it will be over four years before she will be able to determine if the company's problems have been fixed.

HP recently announced that it will add an extra 2,000 people to its redundancy programme, after the business was impacted by a drop in demand for printer hardware and consumables.

Along with this, the rising popularity of smartphones and tablets has had a detrimental effect on its PC sales.

She confessed that the company's IT systems have had an adverse effect on operations, noting that it has not had "a compelling sales management system or CRM system for years".

As well as this, the chief executive claimed that HP has too many products, which she aims to reduce by half over the next year in a bid to revive fortunes.

Posted by Barry Ashmore.

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