They're dancing in the HPrnboardroom. HP's first-quarter profit increased 28% to $2.3 billion compared to the same quarter last year. Revenue increased 8% to $31.2 billion. The company's printer, server and PC businesses all reported sales growth - a turnaround from last quarter, which saw sales decline in almost every main segment. (The one step backwards last quarter: Sales in the giant services segment decreased by 1% to $8.7 billion.)rnThe results are another sign that parts of the tech industry are emerging from the recession.
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