HP Reports Increases in Fourth Quarter Results

Full Year Fiscal 2010

Net revenue for the full fiscal year 2010 was $126.0 billion, up 10 percent compared with the prior-year or up 8 percent when adjusted for the effects of currency. GAAP operating profit was $11.5 billion and non-GAAP operating profit was $14.4 billion in the prior-year. Non-GAAP financial information excludes $2.1 billion of adjustments on an after-tax basis related to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.