Our cloud strategy is,the cloud that the enterprise can rely on,said Hewlett-Packard CEO Meg Whitman.I had said eBay was my last CEO job.I have met over 500 customers in the past 18 months or so,and every one wants HP to win,and that's why I took the job:because it matters.
When you put the right HP people in the room,no one does it better.It's about time to market,the innovation you're going to bring.It's a very competitive world.You're gonna win some,you're gonna lose some.
We will reduce headcount by about 24,000 over three years.We're about halfway through.The way tech is bought,consumed and payed for is changing fast.It's cloud,it's mobility-the new style of IT.The enterprise has to get from where they are to where they want to be.IT has to drive revenue.
We have to outwit,outsmart and and outcompete our competitors,and that's what we aim to do.We did increase R and D,but we also narrowed the scope of it.It is so much fun to watch our R and D engineers.That sroke of genius we're known for is still very much alive today,Ms.Whitman indicated.
HP stock closed at 25.16 on Monday,up 1.69%.