Wednesday, August 21, 2013

Reuters: Technology News: HP's third-quarter revenue slides 8 percent in tough PC, IT market

Reuters: Technology News
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HP's third-quarter revenue slides 8 percent in tough PC, IT market
Aug 21st 2013, 20:15

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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 | Wed Aug 21, 2013 4:15pm EDT

SAN FRANCISCO (Reuters) - Hewlett-Packard Co posted an 8 percent slide in quarterly revenue as PC sales continued to slide and its enterprise computing business grappled with tepid worldwide IT spending.

The world's largest personal computer maker on Wednesday recorded revenue of $27.2 billion in the fiscal third quarter, from $29.7 billion a year earlier. It missed the $27.3 billion that Wall Street had expected, on average.

(Reporting by Edwin Chan; Editing by Phil Berlowitz)

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