HP Reports Increases in Fourth Quarter Results

PALO ALTO, CA—Nov. 22, 2010—HP released its financial results for the fourth fiscal quarter ended Oct. 31, 2010, with net revenue of $33.3 billion, up 8 percent from the prior-year period, including a slight negative currency impact of about one percentage point.

"HP proved once again that it is able to execute given its market strengths and technology leadership," said Leo Apotheker, HP president and CEO. "I have seen firsthand that we have talented people who are focused on delivering value for our customers. Our market opportunity is vast, and I am confident that we will extend our leadership into the future.”