HP Reports Revenue, Earnings Increases

• Personal Systems Group (PSG) revenue declined 1 percent year over year with a 6.4 percent operating margin. PSG delivered record operating profit in the quarter and remains the PC market leader in terms of units, revenue and profit share. The commercial refresh cycle continues, and HP saw 11 percent year-over-year revenue growth in Commercial Clients while revenue in Consumer Clients declined 12 percent in the quarter.