HP second quarter quarter profit down 32 percent


Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook as revenue from services to corporations slightly offset shrinking PC sales.

Last week, Dell Inc reported a 79 percent slide in profit. HP posted revenue of $27.6 billion, slightly below the $28.01 billion expected by analysts, according to Thomson Reuters I/B/E/S.

Continue Reading Below

(Reporting by Poornima Gupta; Editing by Richard Chang)