Tuesday, June 22, 2021

Whitman confirms HP support for Autonomy

Hewlett-Packard CEO Meg Whitman reassured investors troubled by an acconting scandal at Autonomy that it would continue to support the company’s products.
 
 
Autonomy, a company HP acquired a year ago, specializes in data management, archiving and analysis. It recently became the subject of controversy when HP claimed that the enterprise software firm had inflated its true worth. During a conference call with investors, however, Whitman said the alleged fraud was “the result of a willful effort on the part of a small number of Autonomy employees,” according to this ComputerWorld article.
 
She also tried to ease concerns about HP’s own finances, which took a major hit last quarter, citing the new management team and a reduction in the company’s debt.
 
 
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