Hewlett-Packard’s fiscal first-quarter profit up 26%
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Strong sales of notebook PCs and printers pushed Hewlett-Packard’s fiscal first-quarter profit up 26% and lifted its top line above Wall Street expectations.
The Palo Alto, Calif., company grew first-quarter sales 11% to $25.1 billion, ahead of its own guided range of $24.1 billion and $24.3 billion, as well as Wall Street’s expectation of $24.3 billion. “This was a solid start to the year: revenue grew, margins expanded and we continued to take market share,” said CEO Mark Hurd in a conference call with the press following the release of the results.
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