Tags: hp | earnings | revenue | Hewlett-Packard

HP Revenue Falls on Weak Demand From Corporates

Tuesday, 24 Feb 2015 04:52 PM

Hewlett-Packard Co. reported a 4.7 percent drop in quarterly revenue, hurt mainly by weak demand from corporate customers for its services.

The company's net income fell to $1.37 billion, or 73 cents per share, in the first quarter ended Jan. 31, from $1.43 billion, or 74 cents per share, a year earlier.

Revenue dropped to $26.84 billion from $28.15 billion.

HP said in October it would split into two listed companies in 2015, separating its computer and printer businesses from its corporate hardware and services operations.


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Hewlett-Packard Co. reported a 4.7 percent drop in quarterly revenue, hurt mainly by weak demand from corporate customers for its services.
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2015-52-24
Tuesday, 24 Feb 2015 04:52 PM
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