HP profit slips, but sales up
 

*Source: News.com (http://news.com.com/HP+profit+slips%...tag=nefd.top)*
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Hewlett-Packard reported on Wednesday a dip in quarterly profit, but an increase in revenue that was driven largely by PC and printing sales.

In the second fiscal quarter, revenue grew to $25.5 billion, up 13 percent compared with $22.6 billion in the same period a year ago. Net income was $1.78 billion, down 7 percent compared with $1.9 billion the previous year. Earnings per share were 65 cents, down a penny from the same period a year ago, when a one-time tax-settlement gain of 15 cents per share was recorded.

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