HP releases quarterly results, talks life after Hurd

From InfoWorld: Hewlett-Packard announced its third-quarter financial results on Thursday and insisted it was "looking forward, not back" following the surprise departure two weeks ago of Chairman and CEO Mark Hurd.

Cathie Lesjak, HP's CFO who was also made interim CEO after Hurd's departure, told reporters that HP's strategy is unlikely to change when it appoints a new, permanent CEO.

"When you have a winning strategy I don't see the motivation to change it, and that's what we have here," she said during a brief conference call after the financial results were released.

HP's revenue for the quarter increased 11 percent from a year earlier to $30.7 billion, the company said in a statement. Net profit was $1.8 billion, or $0.75 per share, up from $1.7 billion, or $0.69 per share, in the third quarter last year.

HP had already released preliminary numbers for the quarter, so Thursday's results were no surprise. It announced the figures on Aug. 6, the same day it revealed that Hurd was leaving the company following allegations of sexual harassment.

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