HP's profit for the quarter ended Oct. 31 was US$2.4 billion, or $0.99 per share, up from $2.1 billion, or $0.84 per share, in the same quarter last year, the company announced Monday. Revenue fell 8 percent to $30.8 billion.

HP had preliminary results two weeks ago, when it disclosed plans to for $2.7 billion. Monday's results provided a closer look at how each business division performed.

Revenue was down in almost all segments, including Enterprise Storage and Servers, where it slipped 17 percent to $4.2 billion, and the Personal Systems Group, where it fell 12 percent to $9.9 billion. Revenue in the company's printing and imaging group also shrank, by 15 percent to $6.5 billion, HP said.

But as with the previous quarter, services was a bright spot. Revenue from that group increased 8 percent from a year earlier to $8.9 billion, HP said. Its operating profit from services increased to 16.2 percent of revenue, up from 11.4 percent a year earlier, and contributed $1.4 billion to HP's bottom line.