HP Reports Increases in Fourth Quarter Results

Corporate Investments

HP Networking revenue increased 227 percent overall in the fourth quarter including the impact of the 3Com acquisition, which was completed last April. ProCurve revenue grew 50 percent over the prior-year period.

HP Financial Services

HP Financial Services (HPFS) revenue increased 11 percent to $809 million in the fourth quarter. Financing volume increased 11 percent, and net portfolio assets increased 14 percent. Operating profit was $73 million, up from $66 million in the prior-year period.

Asset management