HP revenues buoyed by resurgent PC sales

HP revenues buoyed by resurgent PC sales   Computer maker HP saw a significant drop in its profits in its latest quarter earnings report, from $1.39 billion (about £830 million, AU$ 1.6 billion) to just under $1 billion (about £600 million, AU$ 1.15 billion).While the 30% profit drop can best be described as brutal, it was what Wall Street was expecting, which explains why HP's shares fell by a mere 1%, still very near to its 52-week high.Its revenue increased to $27.6 billion which means that the company should hit $110 billion for the whole financial year which is roughly what it did last year. Read more >