Tue, Jul 25, 2017 | updated 08:15 AM IST

HP announces job cuts

Updated: Oct 14, 2016 13:40 IST      
HP announces job cuts

New Delhi [India], Oct. 14 (ANI) : HP Inc., one of two companies formed last year by the break-up of the old Hewlett-Packard Co., announced on Thursday that it plans to cut between 3,000 to 4,000 jobs in the next three years to trim costs, as the maker of printers and personal computers continues to struggle with a subdued market, sending its shares down 1.3 percent in extended trading.

HP, said in February it would accelerate its restructuring program and slash around 3,000 jobs by the end of fiscal 2016.

HP Chief Executive Dion Weisler said the market continued to be volatile, facing pressures and uncertainties. "Our core markets are challenged and macro economic conditions are in flux right now," Weisler said.

HP expects adjusted profit for fiscal 2017 to be USD 1.55-USD 1.65 per share. Analysts on average had expected USD 1.61 per share.

Raising its quarterly dividend by 7 percent, HP also said it would increase its share buyback program by USD 3 billion.

The company expects restructuring and other charges of USD 350 million to USD 500 million and the move is expected to generate gross annual run rate savings of USD 200 million to USD 300 million beginning in fiscal 2020, HP said.

According to research firm Gartner, worldwide PC shipments in Q3 fell 5.7 percent, eighth consecutive quarter of PC shipment decline. Gartner also said that this is longest duration of decline in the history of the PC industry.

HP shares have gained 28 percent this year up to Thursday's close (ANI)

Plan your next weekend with Google 'event finder' feature

Updated: Jul 24, 2017 18:14 IST     

New Delhi [India], July 24 (ANI): Google has announced a new update for users, to enable them to discover, promote and attend various events across the town with the help of using user-friendly interface.

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Zyxel unveils easy-to-use cloud storage solution

Updated: Jul 24, 2017 16:59 IST     

New Delhi [India], July 24 (ANI): Global leader in next generation networking solutions Zyxel has unveiled the easy-to-use Zyxel Personal Cloud, a new cloud storage solution capable of up to 32TB of data storage accessible from anywhere with mobile gadgets. Zyxel's solution is also the industry first to allow personal cloud space powered by one device to be shared with multiple users.

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New Delhi [India], July 24 (ANI): Starting today, commuters in Kolkata will be able to get real-time bus information in Google Maps.

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Bhopal surgeons have a date with a Roving Robot

Updated: Jul 24, 2017 12:41 IST     

New Delhi [India], July 24 (ANI-BusinessWire India): A Da Vinci surgical robot is being taken around to visit 20 Indian cities. Now, on Monday, it makes its way to Bhopal where its impressive minimally invasive precision will be live-demoed to surgeons from different specialties.

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New Delhi [India], July 22 (ANI): With the monsoon going on, the threat of dengue is looming large and people are adopting all types of measures to ward off mosquitoes. Every year, as the monsoon begins to wane, it stirs up an old scourge: dengue fever.

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Osaka [Japan], July 22 (ANI): Kyocera Document Solutions Inc. has announced that seven of its products were awarded the "Summer 2017 Pick" commendations from Buyers Lab (BLI), a global printing product testing provider.

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New Delhi [India], July 21 (ANI): Global cyber-security company Kaspersky Lab has seen one man's mission grow into a global crusade against cybercrime. With innovation and vision at its heart, this year will see Kaspersky Lab take its fight to new heights - launching key initiatives such as the adaptive Kaspersky Security Cloud and the Kaspersky OS - to empower businesses and consumers to protect themselves from ever-evolving threats.

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New Delhi [India], July 21 (ANI): Intel on Friday launched the Movidius Neural Compute Stick, a USB-based deep learning inference kit and self-contained artificial intelligence (AI) accelerator that delivers dedicated deep neural network processing capabilities to a wide range of host devices at the edge.

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New Delhi [India], July 21 (ANI): World leader in digital security Gemalto has announced delivering of flexible connectivity for Lenovo smart devices across 160 countries.

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James Dyson award takes place for first time in India

Updated: Jul 20, 2017 20:20 IST     

New Delhi [India], July 20 (ANI): Dyson, a British technology company, launched its globally renowned James Dyson Award in India for the first time this year.

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New Delhi [India], July 20 (ANI): Casio Computer Co., Ltd. has announced the launch of MP-12R, a calculator with a Remainder Calculation function designed to be useful for warehouse operations.

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New Delhi [India], July 20 (ANI): Truecaller on Thursday rolled out its newest update for Android 8.21 with interface changes for easier access to spam inbox.

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Protect your gadgets in Monsoon!

Updated: Jul 20, 2017 14:02 IST     

New Delhi [India], July 20 (ANI): Finally the season to get all drenched is here and with it, is the threat for your gadgets.

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New Delhi [India], July 19 (ANI): Mahindra Comviva on Wednesday announced an update on its payPLUS payment solution, wherein the platform will enable merchants with a unified payment acceptance.

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Casio's Privia PX-870 to recreate grand piano experience

Updated: Jul 19, 2017 17:57 IST     

Tokyo [Japan], July 19 (ANI): Casio Computer Co., Ltd., has announced the release of Privia PX-870, a stylish compact digital piano that recreates the rich and expansive tone of a grand piano with the lid open.

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New Delhi [India], July 19 (ANI): Aiming to further strengthen their hold in the consumer PC market, Lenovo on Wednesday launched an array of future-ready laptops, consisting of ultra-sleek devices offering powerful computing to today's millennials.

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Facebook hires former Uber PR chief as VP of communications

Updated: Jul 19, 2017 02:15 IST     

London [UK], July. 19 (ANI): Facebook has announced that Rachel Whetstone, the former top public relations executive at Uber, is joining the social media giant as vice-president of communications for Instagram, WhatsApp and Messenger.

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London [UK], July 18 (ANI): Marking 'World Emoji Day' celebrations, Apple on Monday launched a new series of emojis, panning across women with a headscarf, bearded men, and even one of a breastfeeding mother!

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Imarticus Learning collaborates with renowned names

Updated: Jul 18, 2017 19:52 IST     

New Delhi [India], July 18 (ANI): With major developments taking place in the edtech space, Imarticus Learning, has collaborated with prominent industry leaders for its new Prodegree courses.

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SPPL launches 'Kodak TV' portable speaker in India

Updated: Jul 18, 2017 17:09 IST     

New Delhi [India], July 18 (ANI): Super Plastronics Pvt. Ltd. (SPPL), a Kodak brand licensee on Monday unveiled its portable speaker, marking the beginning of its venture of creating a complete sound experience.

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