HP's profit reaches $ 1.4 billion in the third quarter

With revenue falling in five of its six business units, HP presented a total of $ 27.2 billion in the third quarter. The result was 8% lower than that recorded in the same period last year, and was slightly below analysts ' estimates, which projected sales of $ 27.3 billion.
The company's earnings per share also were underwhelming: were $ 0.86, compared with a consensus of $ 87. The company's net income was $ 1.4 billion and reversed a loss of $ 8.8 billion recorded in the same period last year, when the company did a tax write-off on the purchase of Autonomy. For 2013, the company estimates earnings per share between $ 3.53 and $ 3.57, within analysts ' projections of $ 3.56.
Despite little difference with respect to the expectations of analysts, the performance in the period displeased investors and the company's shares reached 7% drop more than pós-fechamento of the market on the New York Stock Exchange.
HP's businesses, selling personal computers and devices presented a fall of 11% to $ 7.7 billion. The unit continues to be affected by low demand for PCs worldwide. Sales to companies fell 9% in both equipment and services part, reflecting the slowdown in demand in more mature markets. Revenues in the third quarter were $ 6.7 billion and $ 5.8 billion, respectively.
Along with the result, HP announced a series of changes in high places of your hierarchy. Bill Veghte, currently Chief Executive of the company's operations, will assume the post of Executive Vice President and General Manager of the enterprise, the Enterprise Group. The Executive who held the post, Dave Donatelli, will be responsible for identifying new technologies. Now Henry Gomez, in the area of communications, will accumulate the positions of Director of communications and marketing at HP.