HP Reports Increases in Fourth Quarter Results

Personal Systems Group

Personal Systems Group (PSG) revenue increased 4 percent to $10.3 billion in the fourth quarter. HP maintained the leading market share position in PCs worldwide with a 2 percent increase in unit shipments. Notebook revenue for the quarter was down 3 percent from the prior year period, while Desktop revenue increased 13 percent. Commercial client revenue was up 20 percent, while Consumer client revenue declined 10 percent. Operating profit improved to $568 million, or 5.5 percent of revenue, up from $460 million, or 4.7 percent of revenue, in the prior-year period.