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HP profit soars 25% to US$2.3 billion

Hewlett-Packard said its revenue and profit grew in the company's most recent quarter, buoyed by strong consumer sales over the holidays and a gradual resumption in corporate spending for PCs, printers and servers.

The Palo Alto tech giant said it earned US$2.3 billion profit, up 25% from a year earlier, on US$31.2 billion in sales, which increased 8%, for the quarter that ended Jan. 31.

Source: Inside Bay Area

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