HP profits lower, to cut nearly 6,400 workers

US computer giant Hewlett-Packard reported a 17% fall in quarterly net profit on Tuesday

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and said it plans to cut two percent of its workforce, or nearly 6,400 workers, over the next year. HP said net profit fell earlier.

HP said revenue grew 9% in the Americas to $12.1 billion and declined by 11% in Europe, the Middle East and Africa to $ 10.6 billion. Revenue fell 10% in Asia Pacific to $4.7 billion.

HP said it expects third quarter revenue to be flat and full fiscal year revenue to decline by four percent to 5% with full-year earnings per share of between $3.76 to $3.88.

HP shares shed 4.625 to $34.89 ieports of injuries or damage, officials said.

The quake, was centered just 16 kilometers southwest of downtown Los Angeles at a depth of 12.1 kilometers, the United States Geological Survey said, very close to where a 4.7 quake struck on Sunday night.

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