"I want to double or triple our current revenue in software from the current level of $5 billion," Chief Executive Meg Whitman said.
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."
Last month sources told Reuters 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 centerpiece of a botched strategy shift that cost ex-chief executive Apotheker his job, was "a good acquisition," Whitman told the paper.
"Autonomy has potential and we can turn it into a fast-growing unit," she said.
