This chart shows that HP is still in pretty rough shape
Although HP CEO Meg Whitman sounded upbeat about pockets of good news within HP's businesses, this chart that shows the company's revenues by business unit is pretty stark.
Revenues in every business unit have shrunk from last year. Same with profits, except for a slight gain in the Enterprise Services business. Free cash flow from operations was $1.5 billion, down 51% from the prior-year period (not included in the chart below, but disclosed here).
Whitman and CFO Cathie Lesjak blamed most of this on the foreign exchange rate. HP's revenues, overall, were down 7%, but they were down only 2% in constant currency. HP has huge international operations and sells a lot of equipment in currencies other than the U.S. dollar.
Even so, this chart suggests HP doesn't yet have a star business unit that is doing well enough to stop the sinking.
Next Story
I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real. 
I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
World Liver Day 2024: 10 Foods that are necessary for a healthy liver
Essential tips for effortlessly renewing your bike insurance policy in 2024
Indian Railways to break record with 9,111 trips to meet travel demand this summer, nearly 3,000 more than in 2023
India's exports to China, UAE, Russia, Singapore rose in 2023-24
A case for investing in Government securities
