HP Pushes Cloud Printing, Eyes Service Dollars

The executive also pointed to enhancements in HP's Smart Decision Suite technology for managing print devices. "Over the last three and a half years, we have built some of the industry's best network, and soon, cloud-based, tools, to monitor those devices remotely," he said. "Some of the tools are already on the cloud, so we're evolving those things as we move along. But realistically, we will have probably all cloud-based within the next 12, 18, months."

HP shares dipped 13 cents, or 0.56%, to $23.14 on Thursday.

--Written by James Rogers in New York.

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