HP enterprise boost sparks hope of turnaround

11/27/2013 | Reuters

Hewlett-Packard has outperformed revenue projections in its enterprise group, generating optimism among investors in HP's turnaround strategy. Total enterprise revenue grew 2%, led by division gains of 10% in server sales and 3% in networking business. "In short, HP didn't guide down for 2014 and that is quite positive so far versus many in 'old tech,'" said Ben Reitzes, an analyst for Barclays.

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