HEWLETT-PACKARD COMPANY AND SUBSIDIARIES SEGMENT INFORMATION (Unaudited) (In millions) Twelve months ended October 31, ------------------------ 2011 2010 ----------- ----------- Net revenue:(a) Services $ 35,954 $ 35,529 Enterprise Servers, Storage and Networking 22,241 20,356 HP Software 3,217 2,729 Personal Systems Group 39,574 40,741 Imaging and Printing Group 25,783 25,764 HP Financial Services 3,596 3,047 Corporate Investments 322 346 ----------- ----------- Total Segments 130,687 128,512 Eliminations of intersegment net revenue and other (3,442) (2,479) ----------- ----------- Total HP Consolidated Net Revenue $ 127,245 $ 126,033 =========== =========== Earnings from operations:(a) Services $ 5,149 $ 5,661 Enterprise Servers, Storage and Networking 3,026 2,825 HP Software 698 782 Personal Systems Group 2,350 2,032 Imaging and Printing Group 3,973 4,412 HP Financial Services 348 281 Corporate Investments (1,616) (366) ----------- ----------- Total Segments 13,928 15,627 Corporate and unallocated costs and eliminations (314) (614) Unallocated costs related to stock-based compensation expense (618) (613) Amortization of purchased intangible assets (1,607) (1,484) Restructuring charges (645) (1,144) Acquisition-related charges (182) (293) Impairment of goodwill and purchased intangible assets (885) - Interest and other, net (695) (505) ----------- ----------- Total HP Consolidated Earnings Before Taxes $ 8,982 $ 10,974 =========== =========== (a) Certain fiscal 2011 organizational reclassifications have been reflected retroactively to provide improved visibility and comparability. For each of the quarters in fiscal year 2010, the reclassifications resulted in the transfer of revenue and operating profit among the Enterprise Servers, Storage and Networking, Services, HP Software and Corporate Investments financial reporting segments. Reclassifications between segments included the transfer of the networking business from Corporate Investments to Enterprise Servers, Storage and Networking, the transfer of the communications and media solutions business from HP Software to Services, and the transfer of the business intelligence business from HP Software to Corporate Investments. There was no impact on the previously reported financial results for the Personal Systems Group, HP Financial Services and Imaging and Printing Group segments.
HP’s Profit Falls 91%, but It Beats Expectations
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