New York – Hewlett-Packard’s personal systems group (PSG) saw its
first quarter revenue decline 1 percent on the back of soft consumer sales.
Overall, for the quarter HP generated $2.6 billion in profit on
sales $32.3 billion in revenue, the company reported.
HP’s PSG, which handles computer sales, did better in the
commercial sector where an ongoing refresh cycle led to an 11 percent year over
year growth for the quarter.
The imaging and printing group saw revenue increase 7 percent
with strong growth in the consumer and business sectors.