HP lowers full-year forecast

Company to be split in two

HP’s turnover dropped nearly 5 % to 26.8 billion dollars (23.6 billion euro) in its first quarter, while its net profit also dropped 4 % to 1.4 billion dollars (1.2 billion euro).

HP particularly points to exchange rate fluctuations, which have had a larger negative effect than last year, and it therefore expects that it will not be able to reach the full-year forecast.

The American company is in the middle of a 2 billion dollar (1.8 billion euro) process which will split the company in two: one division will focus on computers and printers, while the other one will provide hardware and service solutions to other businesses.