HP Grows Revenue but Printer and Supplies Sales Drop, Installed Base Contracts

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On August 20, Hewlett-Packard reported its third-quarter results for the current fiscal year. Fueled by strong PC sales, the company managed to grow its top line for the first time in years. The firm’s printer business was off, however, as hardware and supplies revenue fell. Despite the sagging sales, the printer business maintained robust margins.HP

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