This is nothing compared to the $8 billion write-off that tainted its Q3 balance sheet, but HP's turnaround strategy clearly still has some way to go. Fourth-quarter net revenue hit $30 billion, which is a 7 percent fall year-over-year, or just a 4 percent fall if you're kind enough to factor in currency fluctuations. Of that income, the company managed to clutch onto $2.3 billion as profit -- a 3 percent fall compared to the end of 2011.
Developing...
Filed under: Desktops, Laptops, HP
Source: HP
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/ocspNYVZBx0/
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