The company saw good growth from its commercial PC business but it was offset by weak sales to consumers. Apotheker blamed "softness" in the market but also acknowledged some channel issues at HP.

The services business was held back by weak short-term signings, especially in outsourcing and "value-added services," he said. HP had more success with larger deals, he said.

"We reported good results across most of the business but we have opportunities to improve growth in a few areas," Apotheker said.

HP made Apotheker its CEO last November and is in the midst of a minor makeover to improve its profitability and competitiveness. He's due to outline his plans for the company at an next month.

The former SAP executive is expected to expand HP's efforts in enterprise software, as well as other profitable areas such as networking and storage.