HP to announce biggest ever loss

HP has declared that it'll post an enormous loss of $8.85 billion (£5.7 billion) in its future quarterly results.

Pre-empting the ostensibly harmful results, H.P. has issued a unleash to elucidate – the most important money short-fall is especially all the way down to a one-time charge of $8 billion (£5 billion) associated with its acquisition of Electronic information Systems back in 2008.

Other than that, HP's really wanting in quite good condition. the corporate has upped its share-price estimates supported its restructuring works that appear to be going quite well.

As well as shedding quite an heap of employees, H.P. has appointed some new VPs as a part of a thought to "drive profitable growth, service innovation and shopper satisfaction".

HP to announce biggest ever loss

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