HP's 3rd quarter revenue slides 8% in tough PC, IT market | business | Hindustan Times
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HP's 3rd quarter revenue slides 8% in tough PC, IT market

business Updated: Aug 22, 2013 08:20 IST
San Francisco

Hewlett-Packard Co posted an 8% 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.