Can HP Dodge the Dell/Cisco Bullet?
HP's software revenue climbed 30% year-over-year during the company's recent fiscal first quarter, but, at $946 million, accounted for just over 3% of the firm's overall revenue. Total software revenue during the company's fiscal 2011 was $3.22 billion, or 2.5% of total sales.
Shares of HP, which is in the throes of a major restructuring, were down 4.68% at $20.76 on Wednesday.
--Written by James Rogers in New York.
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