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HP reins in revenue slide, raises outlook for 2014 earnings

Breaks losing streak in PC-focused personal system group, with a 4% gain in revenue

Reuters  |  San Francisco 

Hewlett Packard Co's revenue fell less than Wall Street expected in the first quarter and it raised its outlook for fiscal 2014 earnings as the computing giant grew sales at its two largest businesses and again signaled a better year ahead. In the midst of a multi-year turnaround effort intended to revive growth, the Silicon Valley company is trying to reduce its reliance on personal computers and move toward computing equipment and networking gear for enterprises. On Thursday, the company broke its losing streak in its PC-focused personal system group with a 4% gain in ...

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First Published: Fri, February 21 2014. 05:28 IST