HP claims Autonomy made 80 per cent less UK profit than stated

clock

New accounts filed this week claims Autonomy made a series of accounting "errors" that bumped up revenues by 54 per cent

Accounting irregularities at Autonomy, the software company acquired by HP for £7.1bn in 2011, bumped up profitability and revenues by so much that Hewlett-Packard is now claiming that it made 80 p...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Autonomy co-founder Mike Lynch's fraud trial opens in San Francisco

Law

Lynch accused of being the 'driving force' behind 'massive' fraud at Autonomy

clock 19 March 2024 • 3 min read
HP must face printer lawsuit, judge rules

Law

Dismisses HP's own attempt at dismissal - again

clock 17 August 2023 • 2 min read
Making Hybrid Work, Work - Meet the speakers

Operating Systems

Getting the most out of hybrid in a challenging economy

clock 12 May 2023 • 2 min read

More on Software

The social engineering of the self: How AI chatbots manipulate our thinking

The social engineering of the self: How AI chatbots manipulate our thinking

We need structured public feedback to better understand the risks, says red teamer Rumman Chowdhury

John Leonard
clock 27 October 2023 • 4 min read
AI doesn't care what you think

AI doesn't care what you think

Want to understand hallucinations? Look at your family

Professor Peter Cochrane
clock 26 October 2023 • 3 min read
IT Essentials: The fungal IT network

IT Essentials: The fungal IT network

Shadow IT grows best in darkness and solitude

Tom Allen
clock 16 October 2023 • 2 min read