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Wed 08 Aug 2008HP reports 14% rise in net profit
Computer giant Hewlett-Packard yesterday posted a better-than-expected 14 per cent rise in net profit, subduing fears that slowing economies and a stronger dollar would weaken the sector.
The company, which currently employs about 4,000 people in the Republic where it has its five main overseas divisions, said net income for the quarter ending July 31st of $2.03 billion, or 80 cents a share.
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