Boston, MA, 03/26/2014 (usastockreports)- Things are not all sunshine in one of the largest distributor of products, technologies and software solutions Hewlett-Packard Company (NYSE:HPQ), despite the company maintaining it is only two years into its turnaround plan. Under the leadership of Meg Whitman in the past two years, the company has experienced a decline in annual revenues with new acquisitions worth $15 billion, not generating enough revenues.
Hewlett-Packard key underperformers
Hewlett-Packard Company (NYSE:HPQ)’s Printer segment continues to register a decline in revenue, a trend that is expected to continue in the current year. This segment’s revenues for 2013 was down by 7% compared to 6% in 2012 suggesting a lot has to be done if the trend is to be rectified
Hewlett-Packard’s PCs segment saw revenue for 2013 also go down by 10% compared to lows of 10% registered in 2012. The segment is expected to experience a growth of 2% in 2014, margins that should not be enough to change the whole decline wave in the company.
The company’s service segment was also another major underperformer in 2013, going down by 8% compared to a low of 3% registered in 2012. Hewlett-Packard in 2013 made software related acquisitions worth $15 billion that should essentially have brought in revenues of about $1 billion. This was not the case, as they only contributed $300 million of the total $3.6 billion.
Hewlett-Packard to enter 3D –Printing Foray in October
Hewlett-Packard plans to be up and running in the 3D-Printing business as of October this year. This is one Hewlett-Packard plans of extending its dominance of traditional printers in the fast growing markets.
Hewlett-Packard Company (NYSE:HPQ) is expected to make a statement in June having solved a number of technical problems that have slowed its growth in the high-tech manufacturing process. The major concern at the moment lies on the fact that it is not clear as to how big the market is, for the 3D-Printers.