Hewlett-Packard Revenue Tops Estimates on Server Demand
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Hewlett-Packard Co. reported fiscal first-quarter sales and profit that topped analysts’ estimates as the personal-computer maker won new orders for corporate machines and servers to run data centers.
Profit excluding certain costs in the period ended Jan. 31 was 90 cents a share on revenue of $28.2 billion, the Palo Alto, California-based company said yesterday in a statement. Analysts had on average predicted profit of 84 cents and revenue of $27.2 billion, according to data compiled by Bloomberg.