Hewlett-Packard (HP) saw net revenues rise four per cent over the fourth quarter of fiscal 1998, despite sluggish growth due to market weaknesses in Asia and Latin America.
The company reported net earnings of $710 million for the quarter ending 31 October, a decline of 12 per cent compared with $806 million last year.
?We?ve finished this year with a reasonably good quarter,? commented Lew Platt, HP chairman, president and chief executive officer, who said that several businesses, including Laserjet printers and PCs did quite well, despite weaknesses in the global economy.
Expense and asset management, he said, had performed particularly well.
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