Revenue, Profit Up; HP Eyes More Cuts
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SAN JOSE, Calif. _ Hewlett-Packard this week announced three initiatives to reduce workforce costs even as it reported strong growth in revenue and profit because of brisk holiday sales of consumer products such as laptops and photo printers.
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Solid growth across the computer and printer maker's businesses spur rise, HP says.
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By JORDAN ROBERTSON  SAN FRANCISCO - Hewlett-Packard Co.'s first-quarter profit jumped 26 percent as the company benefited from higher sales of laptop computers, printers and printing supplies during a robust holiday spending season.
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Hewlett-Packard Co. reported Tuesday a 26.5 percent rise in fourth-quarter profit on the strength of record revenue growth across all of the computer manufacturing giant's businesses.
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Hewlett-Packard Co. HPQ.N on  Tuesday posted a quarterly profit that topped its own  diminished expectations as the computer and printer maker said  it had record revenues in every business and every region.
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Oracle Corp. , the world&#39;s  third-largest software maker, reported on Tuesday higher  quarterly profit as sales of products it acquired over the past  year helped boost earnings.
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By Connie Guglielmo Bloomberg News  Hewlett-Packard Co., the world's largest personal-computer maker, said first-quarter profit rose 26 percent after the company took consumer sales from Dell Inc.
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Hewlett-Packard Co. HPQ.N on  Tuesday said quarterly profit topped its own lowered  expectations as the computer and printer maker saw record  revenues in every business and every region.
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COMPUTER and printer maker Hewlett-Packard has reported record revenues in every business and every region, with quarterly profit up 27 per cent.
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Procter & Gamble Co.   on Wednesday posted higher quarterly profit, boosted by sales of new products and continued gains in developing markets.
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Hewlett-Packard Co. reported Tuesday a 26.5 per cent rise in fourth-quarter profit on the strength of record revenue growth across all of the computer manufacturing giant&#39;s businesses.
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U.S. stock futures pointed to a higher  market open on Wednesday, bouncing back from the previous  session's fall, after computer and printer maker  Hewlett-Packard Co. HPQ.N reported better-than-expected  earnings and the announcement of a major retail merger.
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PC maker sees potential profit at the end of the tunnel, boosted by new sales strategy.
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Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales.
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The printer maker also predicted better-than-expected first quarter earnings, sending shares up.
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Reuters Group Plc RTR.L posted better  than expected full-year profits on Wednesday thanks to  disposals, cost cutting, improving sales and a return to profit  at electronic trading unit Instinet, which it may sell.
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Plus: Linux demand lifts Red Hat profit...Strong sales of phones, other gadgets boost PalmOne profit...Lawson expects quarterly loss.