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HP revenue falls on weak demand from corporates

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Reuters
Last Updated : Feb 25 2015 | 2:55 AM IST

(Reuters) - Hewlett-Packard Co reported a 4.7 percent drop in quarterly revenue, hurt mainly by weak demand from corporate customers for its services.

The company's net income fell to $1.37 billion, or 73 cents per share, in the first quarter ended Jan. 31, from $1.43 billion, or 74 cents per share, a year earlier.

Revenue dropped to $26.84 billion from $28.15 billion.

HP said in October it would split into two listed companies in 2015, separating its computer and printer businesses from its corporate hardware and services operations.

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(Reporting by Abhirup Roy in Bengaluru; Editing by Sriraj Kalluvila)

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First Published: Feb 25 2015 | 2:49 AM IST

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