PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%
PayPal Holdings Inc. said HP Inc. Chief Executive Officer Enrique Lores will take the top job from Alex Chriss …
PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%
PayPal Holdings Inc. said Chief Executive Officer Alex Chriss will be replaced by HP Inc. CEO Enrique Lores after profit and revenue fell short of expectations.
HP reports Q4 revenue down 11.2% YoY to $14.8B and Personal Systems revenue down 13% YoY to $10.3B, and forecasts a 10% drop in PC sales in FY 2023
HP Inc. said it will eliminate as many as 6,000 jobs over the next three years amid declining demand for personal computers that has cut into profits.
HP Inc. beats with Q1 revenue of $15.65B, up 7% YoY, and says its personal systems revenue was $10.6B, up 7% YoY, with consumer devices revenue up 34%
HP Inc. reports Q3 revenue of $14.3B, down 2.1% YoY, with notebook sales up 32% YoY but workstation revenue down 30% YoY and printing net revenue down 20% YoY
Stephanie Condon / ZDNet :
HP Inc. beats with Q4 revenue of $15.41B, up 0.3% YoY, says its personal systems business, which includes PCs, contributed $10.43B in revenue, up 4% YoY
Enrique Lores speaks at the HP Media Day at the 70th Cannes Film Festival at Majestic Barierre on May 22, 2017, in Cannes, France.
HP Inc. confirms it received an acquisition proposal from Xerox on Tuesday
Saheli Roy Choudhury / CNBC :
HP Inc. says it plans to cut 7,000 to 9,000 positions, or as much as 16% of its workforce, as it prepares for a CEO transition in November
Nico Grant / Bloomberg :
HP Inc. says it plans to cut 7,000 to 9,000 positions, or as much as 16% of its workforce, as it prepares for a CEO transition in November
- Fiscal 2020 adjusted profit to be $2.22 to $2.32 per share — PC giant boosts share buybacks by $5 billion, dividend by 10%
HP acquires endpoint security startup Bromium from which it has been licensing anti-malware technology since 2017; Bromium has raised $115.8M, per Crunchbase
The PC and printer maker has been licensing Bromium's anti-malware technology since 2017. — HP Inc. says it will bolster …