HP reports 3.2% revenue fall in fiscal second quarter; To cut additional 6,000 jobs - - 2% of workforce
May 20th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
On Tuesday, HP (Hewlett-Packard), the world's largest PC company by revenue, reported a 3.2% revenue fall for its fiscal second quarter ended April 30th and a profit of $1.72 billion, or 70 cents a share, compared with $2.06 billion, or 80 cents a share, a year earlier. HP said it will cut an additional 2% of its work force, or more than 6,000 jobs, over the coming year as it integrates EDS (Electronic Data Systems). The company has previously announced job cuts of about 25,000 jobs because of the deal.