SAN FRANCISCO (Reuters) – PC maker Hewlett-Packard Co posted a bigger-than-expected 1 percent drop in quarterly revenue, as it struggles to maintain its grip on a shrinking personal computer market while protecting profit margins. It marked the 11th straight quarterly revenue decline for HP. The company, the worlds largest maker of personal computers, recorded sales of $27.3 billion in its fiscal second quarter, ended April 30, just shy of the $27.41 billion Wall Street expected. (Reporting by Edwin Chan; Editing by Steve Orlofsky)
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