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HP swings to profit, though PC woes strike revenues

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–> Hewlett-Packard saw increase lapse in a past quarter, though slumping PC sales took a punch out of revenues of a uneasy US tech giant. In formula for a mercantile third entertain expelled on Aug 21, HP pronounced a net distinction was $1.39 billion, a turnaround from a same duration final year when a large writedown led to waste of $8.9 billion.

But revenues for a entertain fell 8 percent from a year ago to $27.2 billion, and PC sales floundered. HP pronounced consumer income for a personal systems section that creates PCs declined 22 percent. Total section sales were down 8 percent, with desktops descending 9 percent and notebooks 14 percent.

The California association has been in concentration amid a serious unemployment in PC sales globally, as it has unsuccessful to adjust to a change to mobile devices. Meg Whitman, HP boss and arch executive, pronounced however a association “achieved a financial opening we pronounced we would,” assembly researcher forecasts for profits.

HP also pronounced it was jolt adult a executive care group to “help a association accelerate a turnaround.” Bill Veghte, now arch handling officer, will turn executive clamp boss and ubiquitous manager of a HP Enterprise Group, that includes cloud computing. No one will be reserved to a COO job.

Copyright Agence France-Presse, 2013

Article source: http://www.brecorder.com/it-a-computers/206/1224949/


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