HP Reports Increases in Fourth Quarter Results

Fourth Quarter Fiscal 2010

Fourth quarter revenue was up 10 percent in the Americas to $15.1 billion. Revenue was up 6 percent in Europe, the Middle East and Africa and up 8 percent in Asia Pacific to $12.4 billion and $5.8 billion, respectively. When adjusted for the effects of currency, revenue was up 9 percent in the Americas, up 11 percent in Europe, the Middle East and Africa and up 3 percent in Asia Pacific. Revenue from outside of the United States in the fourth quarter accounted for 64 percent of total HP revenue, with revenue in the BRIC countries (Brazil, Russia, India and China) increasing 12 percent while accounting for 10 percent of total HP revenue.