[November 24, 2009] Earns-Hewlett-Packard Tweet (Canadian Press Broadcast Wire (Canada) Via Acquire Media NewsEdge) SAN FRANCISCO - Hewlett-Packard Co. says cost cutting helped its profit jump 14 per cent in the latest quarter despite an eight per cent revenue decline. HP got higher profits from Electronic Data Systems Corp., a technology services company HP bought for US$13.9 billion last year to better compete against IBM Corp. HP also is the world's top seller of personal computers and got help from the recovery brewing in that market. Its results support what research firm Gartner Inc. called Monday a ``much stronger'' than expected third quarter for PC sales. Gartner is now predicting that PC shipments will rise this year. The firm was predicting a decline before. (The Associated Press) (c) 2009 The Canadian Press [ Back To TMCnet.com's Homepage ]