CEO Meg Whitman said Wednesday that she expects Hewlett-Packard's revenue to "stabilize'' next year and that business would accelerate in 2015.
HP shares jumped as much as 9.5 percent after her comments, made to analysts at the company's annual investor briefing. They were up 5 percent in midday trading, at $21.75, after surging to $22.76.
Whitman's remarks eased concerns about her multiyear turnaround program.
"This time last year I was feeling HP was falling dangerously behind,'' Whitman said. "Our business units lacked a clear, crisp, integrated strategy. Our innovation pipeline was there but wasn't being commercialized."
But the company started to change this year, she said, adding, "Our multiyear journey continues. I am comfortable with the progress we are making.''