A logo of HP is seen outside Hewlett-Packard Belgian headquarters in Diegem, near Brussels, January 12, 2010. REUTERS/Thierry Roge
Hewlett-Packard quarterly revenue falls 6.7 percent
Posted : Tuesday, 20 November 2012 07:37AM
(Reuters) - Hewlett-Packard Co's quarterly revenue fell short of Wall Street expectations as the company's share of the personal computer market shrank and sales of its printers declined.
The Silicon Valley technology company, which is in the midst of a multi-year turnaround plan, said net revenue fell 6.7 percent to $29.96 billion for the quarter ended October 31 from $32.12 billion a year earlier.
Analysts on average had expected fourth-quarter revenue of $30.43 billion, according to Thomson Reuters I/B/E/S.
(Reporting By Poornima Gupta in San Francisco and Supantha Mukherjee in Bangalore; Editing by Saumyadeb Chakrabarty)
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