Hewlett-Packard manages surprise quarterly revenue gain

Reuters News
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Posted: Aug 20, 2014 4:14 PM

SAN FRANCISCO (Reuters) - Hewlett-Packard Co posted a surprise increase in quarterly revenue, as it works through an internal overhaul aimed at cutting costs and re-orienting the sprawling computing company.

HP recorded sales of $27.6 billion in its fiscal third quarter, ended July, up 1 percent from $27.2 billion a year earlier. Wall Street analysts, on average, had forecast a drop in revenue to $27.01 billion.

(Reporting by Edwin Chan)