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HP profit jumps on cost cuts, new market expansion
Quick ReadFor HP, cost cuts and expansion into new markets counterbalance sales slump in main businesses
FILE - In this Aug. 18, 2009 file
SAN FRANCISCO (AP) — Hewlett-Packard Co.'s cost-cutting and push into new markets is helping soften the blow from weakness in the company's mainstay businesses.
HP on Monday reported big revenue declines in four of its main divisions — PCs, servers, software and printers — in the latest quarter. A bright spot was technology services, a division HP beefed up last year with the $13.9 billion...
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