Thursday, February 21, 2013

Reuters: Technology News: HP revenue falls six percent, beats Wall Street view

Reuters: Technology News
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HP revenue falls six percent, beats Wall Street view
Feb 21st 2013, 21:43

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A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013. REUTERS/Stephen Lam

A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013.

Credit: Reuters/Stephen Lam

SAN FRANCISCO | Thu Feb 21, 2013 4:11pm EST

SAN FRANCISCO (Reuters) - Hewlett-Packard Co posted a 6 percent drop in fiscal first-quarter revenue of $28.4 billion, but it beat Wall Street expectations in a flat to shrinking personal computing market.

Wall Street had on average expected the world's No. 1 PC maker, which like Dell Inc is struggling to sustain sales growth as smartphones and tablets surge in popularity, to record revenue of $27.8 billion in the December quarter.

(Reporting by Edwin Chan; Editing by Richard Chang)

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