26.08.2016 - HP's revenue fell 4%

HP has reported for the second quarter of this year. The company's performance deteriorated over the period. Thus, PC sales grew by 4%, but the business associated with printers showed a decline of 14%. The reason for the deterioration of the indicators were the decrease in consumer spending. The company's profit fell to 783 million dollars against 854 million dollars a year earlier. Revenue for the same period slumped by 4% to 11.89 billion dollars. Our medium-term outlook remains negative with the potential of reduction by 10-15%.

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