HP NZ reports $27m loss
Another revenue drop has hit Hewlett-Packard New Zealand for the 2011-year ended October 31, reporting an annual loss of $27 million.
In 2010, the company lost $10 million.
Revenue fell to $736 million for the 2011 fiscal year, from 2010’s $816 million.
Comment from the computer manufacturer’s New Zealand subsidiary could not be retrieved due to the company’s “HP disclosure policy”.
The company’s wage bill for the 2011 year has fallen $17.4 million to a total of $149.9 million.
In September of 2011, HP tossed plans to build a $60 million data centre in Tuakau.
The move came on the heels of the company missing out on an all-of-government data centre supplier panel, whose members will supply cloud computing-related services to government departments and agencies.