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Hewlett-Packard profit falls 8%

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AFP

2009-11-24

US computer giant Hewlett-Packard said on Monday that net profit fell eight per cent in the fourth quarter of its fiscal year.

HP said net profit declined to $US7.7 billion ($A8.42 billion) in the quarter which ended on October 31 from $US8.3 billion ($A9.07 billion) in the same quarter a year ago.

HP said revenue fell eight per cent in the quarter to $US30.8 billion ($A33.66 billion).