More on H-P's FQ3: PC revenue -10% Y/Y (not quite as bad as Dell) vs. flat growth in FQ2....

|By:, SA News Editor

More on H-P's FQ3: PC revenue -10% Y/Y (not quite as bad as Dell) vs. flat growth in FQ2. Desktops -6%, notebooks -12%, both consumer and business sales fell. Printing -3%, better than FQ2's 10% drop, op. margin improved 260 bps. Services -3% (-1% prior), enterprise hardware -4% (-6% prior) with rising networking sales offset by server/storage drops (share loss). Software +18% (+22% prior), boosted by Autonomy, but license growth only 2%. $365M in shares repurchased. HPQ +2.5% AH. CC at 5PM ET (webcast). (PR)