HP revenue falls before company split

Hewlett-Packard Co., the tech pioneer that split into two separate companies this month, reported a fall in revenue for the fifth straight quarter, hurt by lower PC sales and a slump in demand from businesses.

The company's revenue dropped by 9.5 percent to $25.7 billion for the fourth quarter ended Oct. 31.

Net income dropped to $1.32 billion from $1.33 billion last year.

The results mark the last for Hewlett-Packard before HP Inc., housing the company's printer and PC businesses, and Hewlett Packard Enterprise Co., holding its corporate hardware and services businesses, start to report separately.

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