Chief Executive Officer Meg Whitman thinks that revenue growth was "still possible" for the computer maker in its next fiscal year. The only fly in the ointment is that the performance of the overall PC market was a wild card and she can't be certain if that particular situation will get worse.
HP shares rose four percent to $25.22 in morning New York Stock Exchange trading after Whitman's comments in an interview on cable network CNBC. The cocaine nose jobs of Wall Street have estimated revenue of $108.9 billion for HP's 2014 fiscal year. That would be down from their expectation of $111.4 billion for fiscal 2013, which ends in October.
Whitman, who took the helm at the world's largest PC maker more than a year ago, is working on a turnaround at the company which she has warned will take years. However this is probably the first time she has been remotely optimistic about the company's chances.