Acquisition rate will not slow, with plans for $1 billion worth of purchases

HP expects growth to slow in 2009

HP said on Tuesday that it expects revenue growth to slow to just five per cent to six per cent during 2009, and expects to boost profit margins as it continues to cut costs.

The projection is largely inline with analysts’ predictions and follow’s HP’s chief executive, Mark Hurd’s cutting of around 15,000 jobs since 2005, and the company’s consolidation of data centres and real estate.

However, the company, which has continued making acquisitions throughout the restructuring, said that it doesn’t expect to stop doing so anytime soon, indicating that it had factored in around $1 billion into its revenue forecasts to do so.

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