HP's 1Q Profit Rises 38% Feb 20, 2008

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Hewlett-Packard Co. delivered a fiscal first-quarter profit above analyst expectations and brightened its outlook for the rest of the year. The  maker of computers and printers said it earned US$2.13 billion, or $0.80 per share, for the three months ended in January, representing a 38% increase from he same period a year earlier.

Revenue for the period totaled $28.5 billion, a 13% increase from the previous year. Shipments in HP's computer division climbed 27% in the first quarter.

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