Hewlett-Packard (H-P) CEO Meg Whitman has claimed that the company is on a solid financial foundation, and is profitable.

Speaking during a question-&-answer session at the company's shareholder meeting on Wednesday, Ms. Whitman tried to assure shareholders about the company's future and urged them not to pay heed to troubling headlines about the company.

Speaking on the topic, she said, "Despite what you may have read in the headlines, we are on a solid financial foundation. We are profitable."

In November 2012, the tech giant shocked shareholders as well as analysts by taking an accounting charge of $8.8 billion related to the acquisition of software firm Autonomy.

H-P had paid $11.1 billion to acquire Autonomy, under the leadership of former CEO Leo Apotheker, who was fired shortly after.

H-P saw numerous CEOs in recent years, and its current CEO Ms. Whitman is now making efforts to bring stability to the company while also dragging costs down.

In the most recent shareholders' meeting, Ms. Whitman said that the company had kept its promises since she took over as chief executive. She added that the fiscal year 2013 would mainly involve fixing and rebuilding of the company's processes, and that the company's revenue should start growing again in the next few years.