HP revenues continue to fall

City A.M. Reporter
HEWLETT-PACKARD yesterday replaced Dave Donatelli with Bill Veghte at the helm of its second-largest business division, reassigning the star executive to a new role identifying potential tech acquisitions

The computer giant also reported a larger-than-expected eight per cent slide in third quarter revenues to $27.2bn (£17.3bn), as PC sales continued to slide amid the global shift toward mobile devices.