HP Reports Small Revenue Gain, Initiates Company Transformation

PALO ALTO, CA—August 18, 2011—HP announced financial results for its third fiscal quarter ended July 31, 2011, as well as the commencement of a company transformation and acquisition of Autonomy.

Highlights:

• Third-quarter net revenue of $31.2 billion, up 1 percent from the prior-year quarter and down 2 percent when adjusted for the effects of currency