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

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.

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

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.

First Published: Aug 22, 2013 01:49 IST