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HP Enterprise's revenue slips 10.4 pct
February 23, 2017 / 9:14 PM / 9 months ago

HP Enterprise's revenue slips 10.4 pct

Feb 23 (Reuters) - Hewlett Packard Enterprise Co, the corporate hardware and enterprise software business of Hewlett-Packard Co, reported a 10.4 percent fall in revenue, largely due to sluggish demand for its servers and storage equipment.

The company’s net income was flat at $267 million for the first quarter ended Jan. 31.

On a per share basis, the company’s net income rose by 1 cent to 16 cents per share from a year earlier.

Revenue fell to $11.41 billion from $12.72 billion. (Reporting by Rishika Sadam in Bengaluru; Editing by Sriraj Kalluvila)

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