By: Leslie Shedd, CARLY for America National Press Secretary
November 16, 2015
FACT: Before Carly Fiorina arrived at HP, the company had fallen short of profit expectations for nine quarters in a row and saw an 18% increase in operating expenses and a 12% drop in earnings. The Board of Directors went looking for a change agent who would shake things up at HP and they found that person in Carly Fiorina.
Under Carly Fiorina’s leadership…
FACT: HP revenues almost doubled from $42 billion to more than $80 billion in 2005. At that time, HP’s revenues were larger than the general fund of any state in the country – including California, Texas, and Florida.
FACT: The rate of innovation at HP tripled from 5 patents per working day to 15 patents per working day. From 2002-2005, HP was one of the top ten patenting companies in the country according to the USPTO.
FACT: The growth rate at HP more than quadrupled from 1.2% to 6.5%. In 2004, HP’s growth was more than double the growth rate of the US economy.
FACT: HP went from a market laggard in almost every category to a market leader in printers, servers, and PCs.
FACT: HP increased the number of companies it operated in from 120 in 1999 to 170 when Carly left in 2005.