It also offered a weak financial outlook for its next fiscal year, saying it expects earnings per share of US$3.40 to $3.60. That was well below the consensus estimate of $4.18 from analysts polled by Thomson Reuters.
HP's shares plummeted on the news, falling almost 13 percent to $14.91 at the close of Wednesday trading.
James Niccolai covers data centers and general technology news for IDG News Service. Follow James on Twitter at @jniccolai. James's e-mail address is james_niccolai@idg.com
