HP Earnings Preview: Revenues To Decline As Challenging Business Environment Persists

A tough business environment continued to affect its profitability across most geographies and verticals. The decline was further accentuated by the cross currency headwinds as dollar was strong viz-a-viz other currencies. We believe that these factors are still at play and continue to impact HP's revenues and profitability. Therefore, we expect that weak enterprise demand for HP's services will continue to impact HP?s revenues across its services business divisions in Q2. However, the company?s...