HP's first-quarter revenue falls less than expected

Thursday, 20 Feb 2014 | 4:15 PM ET

SAN FRANCISCO, Feb 20 (Reuters) - Hewlett Packard Co's quarterly revenue fell a less-than-expected 1 percent, as it grapples with rapidly slackening PC demand and battles to win business from enterprises in an uncertain economic environment.

The company, in the midst of a multi-year turnaround effort intended to revive growth, posted revenue of $28.2 billion in the fiscal first quarter, compared to Wall Street's expectations for about $27.2 billion.

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