HP has published their report for the second quarter of this year. Like other companies HP suffered from weak demands in the PC market and therefore the time frame from February to April wasn't a good one for the former market leader.
Compared to the same quarter last year the income went down by 32 percent and is now at 1.08 billion US-Dollar. The revenue went down by ten percent and is now at 27.58 billion US-Dollar. This is the seventh quarter in a row where HP writes red number.

These days HP is suffering from weak demands on the PC market. According to Garnter PC and notebook sales went down 11.2 percent as well as 14 percent when compared to the same period last year. In case of HP we see a decline by 18 percent for the PC market segment and 24 percent decline in case of the their notebook division. Overall HP suffers from a net-loss of 7.6 billion US-Dollars.

HP's new CEO, Meg Whitman, is still restructuring the company. One result of that is that the PC and printer devision have been merged, which had the consequence that there were 29'000 layoffs. Thanks to the restructuring process, the revenue was higher than expected. Furthermore HP shares went up 12.7 percent after the announcement of the numbers and closed at 23.92 US-Dollar.

Source: HP