HP also announced it is on course to cut 10,000 jobs by the end of the fiscal year. The company axed 4,740 jobs during Q3.
Throughout our first 100 days, we’ve kept our eye on the ball, said Carly Fiorina, HP chairman and chief executive officer. We’re hitting all our integration milestones and are on track to meet our second-half targets. The top 50 contracts we won in the quarter totaled $2 billion in new long-term revenue, and we exit the quarter with almost $12 billion in cash and equivalents. While we have more work ahead, given the tough economy and a major integration, we’ve accomplished a great deal.
