HP Profits goes down

Hewlett-Packard reported a 17-percent fall in quarterly net profit on Tuesday and said it plans to cut  nearly 6,400 workers.

HP’s  sales of personal computers and printer ink were slow in the recent past.

HP said revenue grew nine percent in the Americas to 12.1 billion dollars and declined by 11 percent in Europe, the Middle East and Africa to 10.6 billion dollars. Revenue fell 10 percent in Asia Pacific to 4.7 billion dollars. HP said it expects third quarter revenue to be flat.