HP revenue falls on weak PC sales, lower demand for services

An attendee at the Microsoft Ignite technology conference walks past the Hewlett-Packard (HP) logo in Chicago, Illinois, May 4, 2015.

/Jim Young

Hewlett-Packard Co (HPQ.N) reported a fall in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporate customers for its services.Shares of the company, which also forecast full-year adjusted profit largely below analysts' average estimate, were down 2 percent in extended trading on Thursday.Revenue at HP's personal computer and printer businesses, its largest, fell 11.5 percent in the quarter ended July 31.Revenue at the enterprise services unit dropped 11 percent, while revenue from the enterprise group rose 2 percent. The world's No. 2 PC maker's net income fell to $854 million, or 47 cents per share, in the third-quarter, from $985 million, or 52 cents per share, a year earlier.Excluding items, the company earned 88 cents per share. Revenue fell 8.1 percent to $25.35 billion.HP is in the process of splitting into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and service operations. Analysts on average had expected a profit of 85 cents per share and revenue of $25.44 billion, according to Thomson I/B/E/S. (Reporting by Abhirup Roy in Bengaluru; Editing by Saumyadeb Chakrabarty)