HP has reported declining revenue and earnings while announcing a new round of job cuts.

The company yesterday released its second quarter results and said it would lay off about 2% of the workforce, or about 6 420 people.
While announcing earnings decreases, HP also said it expects full-year profits to fall from 4% to 5% from last year's $118,4-billion.
On the positive side, the company has seen sales in China and the US begin to improve.
Net income in the second quarter ended 30 April dropped by 17% to $1,7-billion on net revenue of $27,4-billion, down 3% from the previous year.