SAN JOSE: Computer and printer maker Hewlett-Packard Co (HP) has posted better-than-expected first-quarter earnings, spurred by cost savings from its merger with Compaq Computer Corp and improved demand for PCs during the holidays.
For the three months ended Jan. 31, 2003, HP earned US$$721mil on sales of US$17.9bil, compared with its pre-merger profit of US$484mil on sales of US$11.4bil in the same period a year ago.
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