HP reports Q2 gains

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And now we get the happy music on MarketPlace. According to Reuters

Hewlett-Packard Co. reported underlying quarterly profit growth of 27 percent on Wednesday, lifted by broad cost cutting and strength in its personal computer and printer businesses.

Revenue for HP’s fiscal second quarter increased by 13 percent to $25.5 billion, and shares of the world’s biggest maker of PCs and printers rose slightly in extended trade.

Revenue growth and cost cutting measures that are expected to continue in the third quarter are responsible for  the dramatic rise in the company’s fortunes.