HP reported a profit of $ 1.27 billion

On Thursday, HP reported a profit for the second fiscal quarter of $ 1.27 billion, or 66 cents per share, compared with $ 1.08 billion, or 55 cents per share for the same period a year ago.

Revenue fell to $ 27.3 billion from $ 27.6 billion Adjusted profit was 88 cents per share from $ 27.4 billion in revenue, HP also announced that reduces from 11,000 to 16,000 additional jobs. Previously, the company stated on reducing 34,000 jobs as part of restructuring plan. HP shares fell 2.3% to $ 31.78, down by 1% in after-hours session.