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Robert Wayman, CEO and CFO, HP

Posted on March, Monday 07, 2005 By Priyanka Bhattacharya

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HP had a solid first quarter, highlighted by strong growth and profit in our Personal Systems Group, strong revenue growth in our Services business and cash flow from operations of $1.6 billion. While we continue to make progress in growing our top line, there is work to be done to improve our profitability. As the board conducts a CEO search, our management team is focused on driving improved execution to serve our customers, strengthen our competitiveness and improve shareholder value.

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