HP’s revenue dropped 18.8% in the three months ended January, the latest sign of difficulties in the market for personal computers, while its net profit fell by about half to $487 million. HP, which sells personal computers and printers, blamed “industry-wide headwinds” for the downturn. The company burned $208 million in cash in the quarter, a big change from the free cash flow of $1.4...
HP’s Profit Falls By Half on 19% Revenue Drop
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