Hewlett-Packard has reported another quarter of declining profits and revenue, with its massive corporate split now less than three months away.
Revenue for the quarter ended July 31 dropped 8 percent to $25.3 billion, while profit was down 13 percent to $854 million, HP announced Thursday.
It’s the sixteenth quarter in a row that HP’s revenue has declined, as the company continues to battle an ongoing shift from PCs to tablets and smartphones, and from on-premise IT equipment to the cloud.
Sales were down across most of its divisions, including PCs, printers, and services, though HP’s enterprise products division reported some growth.
To read this article in full or to leave a comment, please click here