HP posts double-digit growth

20 July 2006 – Palo Alto (CA): Hewlett-Packard (HP) has reported Q1 revenue of $22.6 billion, an increase of five percent on the same quarter in the year before.
             
The company also posted profits of $1.7 billion or $0.54 per share.
             
 HP’s success is damaging for rivals Dell and Apple, according to analysts.