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Hp Revenue Falls On Weak Pc Sales, Lower Demand For Services


Ron Burgundy
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An attendee at the Microsoft Ignite technology conference walks past the Hewlett-Packard (HP) logo in ChicagoHewlett-Packard Co reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services. Chief Executive Meg Whitman said the factors pressuring the PC market were expected to continue through the fourth quarter and well into the next fiscal year. HP is nearing the end of a multi-year restructuring under Whitman, who has been cutting costs and focusing on higher-margin sales.




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