HP Reports Revenue Increases in First Quarter 2010 Results

• Double-digit year-over-year growth in printers, industry standard servers and PCs

• Cash flow from operations of $2.4 billion, up 114%, or $1.3 billion from the prior year Raises full-year outlook

PALO ALTO, CA—02/17/10—HP (NYSE: HPQ) today announced financial results for its first fiscal quarter ended Jan. 31, 2010, with net revenue of $31.2 billion, up 8% from a year earlier and up 5% when adjusted for the effects of currency.