HP CEO: Workforce Experience Platform ‘Key’ To Software, Services Growth
Summary
HP Inc. CEO Enrique Lores said the company’s Workforce Experience Platform is “key” to future growth of its software and services businesses. Lores made the comments ahead of the release of HP’s fourth-quarter earnings report, which said the company’s revenue grew 1.7 percent year-over-year to $14.1 billion. The PC and print giant’s earnings per share came in at 93 cents, which was 3 percent higher than it was a year ago and slightly above the average estimate of financial analysts. Software and services are two categories that HP expects to grow faster than its core PC and print businesses, as outlined in its Future Ready Plan two years ago. Next year, HP will focus on expanding the Workforce Experience Platform’s functionality so that it can manage more types of devices such as printers, according to Lores.
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