HP

HP aims to double or triple software revenue

Hewlett-Packard wants to boost its software revenues, the company's chief executive has said.

"I want to double or triple our current revenue in software from the current level of $5 billion," chief executive Meg Whitman told German newspaper Frankfurter Allgemeine Zeitung, without giving a timeline.

Whitman, who was appointed in September to replace Leo Apotheker, said the company had not made a decision on the future of its Palm webOS mobile software platform.

"It is complicated," she was quoted as saying when asked about the future of the unit. "We need a good decision, not a quick one."

Sources said last month that Hewlett-Packard is looking to sell Palm's webOS mobile software platform.

 The deal could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year.

Former eBay CEO Whitman defended the $12 billion acquisition of British software firm Autonomy, which was closed in October.

The deal, which was the centrepiece of a botched strategy shift that cost ex-chief executive Apotheker his job, was "a good acquisition," Whitman told the newspaper.

"Autonomy has potential and we can turn it into a fast-growing unit," she said.

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