Hewlett-Packard Company (NYSE:HPQ) CEO Meg Whitman says she sees revenue growth as a possibility for the struggling PC company’s next fiscal year. However, she did admit that the PC market’s overall performance is a big question mark right now.
Hewlett-Packard's Path To Remake Itself
Not long after she made her comments on CNBC’s Squawk Box, the company’s stock started jumping. It rose as much as 3 percent in Wednesday afternoon trading. Whitman said the PC maker is currently “a bit ahead” of where it believed it would be at this point on its journey to reinvent itself. In fact, she called the company’s current product portfolio “the strongest lineup that HP has seen in many years.”
Whitman agrees with most investors who have concerns about the PC market and said that Hewlett-Packard Company (NYSE:HPQ) would have to adapt to the rapidly changing technology industry. PC sales have been falling steadily as tablets and smartphones have taken over.
HP’s New Laptops
In addition to the company’s latest results, it’s easy to see why Whitman’s plan for Hewlett-Packard Company (NYSE:HPQ) is working. Last month the company announced new laptops that will be 36 percent slimmer and 18 percent lighter than previous laptops. There will be five laptops offered in the series, and they are designed for small to medium sized businesses.
In April the company also announced its new Moonshot servers, which are designed to cut power consumption by 89 percent and space by 80 percent. The servers plus the laptops aimed at small businesses show that Hewlett-Packard Company (NYSE:HPQ) is now aiming more at business customers than ever before.
Hewlett-Packard Under Meg Whitman
When Whitman took the helm of HP, she set forth a five-year plan to transform the struggling company. Her plan appears to be working so far because it beat the expectations of Wall Street in the second quarter.
Also on CNBC’s Squawk Box today, tech innovator Marc Andreessen called her a world class CEO and the best one since the company’s founders.