Hurd Says HP Poised for Growth as Global Economy Recovers
Speaking to securities analysts, Hewlett-Packard CEO Mark Hurd says the company's broad product portfolio and global presence will enable it to expand its reach worldwide as the world's economies recover from the recession. In addition, HP officials expect the IT infrastructure company to generate as much as $118 billion in revenue during its fiscal year 2010.Hewlett-Packard executives are giving an optimistic outlook for the upcoming year. At HP's annual meeting with securities analysts Sept. 24, Chairman and CEO Mark Hurd touted the company's broad portfolio of products and its global presence as key drivers that will enable HP to expand its various businesses and extend its reach into new markets as the economy worldwide begins to recover from the recession.
"We expect the IT industry to return to growth in 2010 and believe that HP will outpace the market," Hurd said in a statement. "Our broad product and services portfolio and global scale give HP a clear competitive advantage. As a result, we see tremendous opportunity to grow our business and improve earnings while delivering value to our customers."