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12:40 06/07/2016

HP bows out with a 9 percent drop in sales

As a result, the former HP reported revenue declines for 16 of its last 17 quarters. For this swan song period ended Oct. 31, revenue fell 9 percent to $25.7 billion, HP announced Tuesday. Like other multinationals, it was hurt partly by the strong dollar; adjusting for currency changes, HP said its revenue would have been down 2 percent.