>> Stories >> Commentary
HP Announces Q4 Earnings

Tue Nov 23, 2010 - 8:52 PM EST - By Annie Latham

HP's earnings report

The press release announcing HP's Q4 earnings I believe set a record for the number of sub-titles with six. Guess they were pretty excited about the news.

In brief, they had some nice net revenue numbers: $33.3 billion, up 8% from the prior-year period. They delivered "growth, expanding margins and increasing earnings per share double digits."

As for the full fiscal year, net revenue was $126.0 billion, up 10% compared with the prior-year or up 8% when adjusted for the effects of currency. GAAP operating profit was $11.5 billion, and GAAP diluted EPS was $3.69, up from $3.14 in the prior year. Non-GAAP operating profit was $14.4 billion, and non-GAAP diluted EPS was $4.58, up from $3.85 in the prior-year. Non-GAAP financial information excludes $2.1 billion of adjustments on an after-tax basis, or $0.89 per diluted share, related to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

My colleague, Derek at PreCentral noted this about Palm's contribution:

"Revenue in each of HP�s major divisions was up, with the Palm-containing Personal Systems Group posting a 4% revenue increase. Palm�s contribution to the Personal System Group�s $10.3 billion in revenue was negligible: Palm falls under the 2% �other� slice in the division�s revenue pie (notebooks accounted for 55%, desktops were 38%, and workstations held down the remaining 5%)."

HP's numbers were well received. On Tuesday, shares rose 2.2% to close at $44.1.


Copyright 1999-2016 TreoCentral. All rights reserved : Terms of Use : Privacy Policy

TREO and TreoCentral are trademarks or registered trademarks of palm, Inc. in the United States and other countries;
the TreoCentral mark and domain name are used under license from palm, Inc.
The views expressed on this website are solely those of the proprietor, or
contributors to the site, and do not necessarily reflect the views of palm, Inc.
Read Merciful by Casey Adolfsson