Summary box: Hewlett-Packard net tops expectations on rebound in PCs, servers
By APWednesday, February 17, 2010
Summary box: Hewlett-Packard earnings
PUMPED-UP PROFIT: Hewlett-Packard Co.’s profit swelled 25 percent in the technology company’s fiscal first quarter, which ended Jan. 31. Cost-cutting and a strong showing from the personal-computer division helped.
THANK YOU, MICROSOFT: Consumer spending on PCs improved because of the rollout of computers loaded with Microsoft Corp.’s Windows 7 operating software. Corporations aren’t expected to spend heavily on new PCs until the second half of the year, though.
2010 LOOKING BRIGHTER: HP raised its outlook, citing “accelerating market momentum.”
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