HP Reports Increases in Fourth Quarter Results

Services

Services revenue increased 0.4 percent to $9.0 billion in the fourth quarter. Revenue in each of Infrastructure Technology Outsourcing, Application Services and Technology Services grew roughly 1 percent. Business Process Outsourcing revenue was down 11 percent. Operating profit was $1.5 billion, or 16.7 percent of revenue, up from $1.4 billion, or 16.2 percent of revenue, in the prior-year period.