HP Details Turnaround Strategy

The company is positioned to extend its leadership into the major trends driving IT investment—cloud computing, information optimization and data security. In May, HP initiated a multiyear restructuring designed to realign its cost structure and create investment capacity to drive innovation against its strategic priorities, strengthen market leadership and rebuild its balance sheet while returning capital to shareholders. The company says it is on track to deliver on its savings targets and complete the restructuring by the end of fiscal 2014.