Thursday, May 17, 2007

HP Q1 profit up by 27 percent

HP sales grow 13 percent (Reuters)

An employee walks past a Hewlett-Packard logo during the second day of the International Telecommunication Union (ITU) Telecom World 2006 in Hong Kong December 5, 2006. Hewlett-Packard Co. on Wednesday posted a quarterly net profit that fell slightly due to a tax settlement gain a year ago, but excluding that HP said profit rose 27 percent, paced by strength in its personal computer and printer businesses. (Paul Yeung/Reuters)Reuters - Hewlett-Packard Co. reported underlying quarterly profit growth of 27 percent on Wednesday, lifted by broad cost cutting and strength in its personal computer and printer businesses.


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