HP Reports Modest Revenue Decline; Imaging and Printing Group Hit Harder

* Cash flow from operations of $3.9 billion, up 15% from the prior year

* Record Services profit of $1.3 billion

“HP’s performance this quarter is a result of our strong business portfolio, efficient cost structure and scale. We made positive gains in extending our market leadership in key segments and strengthening our competitive position,” said Mark Hurd, HP chairman and chief executive officer. “Business is stabilizing, and we are confident that HP will be an early beneficiary of an economic turnaround and will continue to outperform when conditions improve.”