HP Reports First Quarter 2012 Results



                                                                            
                  HEWLETT-PACKARD COMPANY AND SUBSIDIARIES                  
                            SEGMENT INFORMATION                             
                                (Unaudited)                                 
                               (In millions)                                
                                                                            
                                          Three months ended                
                           ------------------------------------------------ 
                             January 31,      October 31,      January 31,  
                                2012             2011             2011      
                           --------------   --------------   -------------- 
                                                                            
Net revenue:(a)                                                             
                                                                            
                                                                            
  Personal Systems Group   $        8,873   $       10,118   $       10,449 
  Services                          8,626            9,227            8,529 
  Imaging and Printing                                                      
   Group                            6,258            6,419            6,731 
  Enterprise Servers,                                                       
   Storage and Networking           5,018            5,601            5,599 
  Software                            946            1,023              725 
  HP Financial Services               950              952              827 
  Corporate Investments                58             (131)              62 
                           --------------   --------------   -------------- 
    Total segments                 30,729           33,209           32,922 
  Elimination of                                                               
      intersegment  net                                                                                                                  
      revenue  and  other                                  (693)                    (1,087)                        (620)
                                                      --------------      --------------      --------------  
                                                                                                                                                        
        Total  HP  consolidated                                                                                                      
          net  revenue                      $              30,036      $              32,122      $              32,302  
                                                      ==============      ==============      ==============  
                                                                                                                                                        
Earnings  from                                                                                                                              
  operations:(a)                                                                                                                          
                                                                                                                                                        
    Personal  Systems  Group      $                    464      $                    578      $                    672  
    Services                                                        905                        1,210                        1,381  
    Imaging  and  Printing                                                                                                            
      Group                                                            761                            793                        1,119  
    Enterprise  Servers,                                                                                                              
      Storage  and  Networking                          562                            717                            830  
    Software                                                        162                            284                            120  
    HP  Financial  Services                                91                              98                              79  
    Corporate  Investments                              (48)                        (908)                        (178)
                                                      --------------      --------------      --------------  
        Total  segments                                    2,897                        2,772                        4,023  
                                                                                                                                                        
    Corporate  and                                                                                                                          
      unallocated  costs,                                                                                                              
      gains  and  eliminations                        (153)                        (196)                          149  
    Unallocated  costs                                                                                                                  
      related  to  stock-based                                                                                                      
      compensation  expense                            (174)                        (192)                        (166)
    Amortization  of                                                                                                                      
      purchased  intangible                                                                                                          
      assets                                                        (466)                        (411)                        (425)
    Restructuring  charges                              (40)                        (179)                        (158)
    Acquisition-related                                                                                                              
      charges                                                        (22)                        (114)                          (29)
    Impairment  of  goodwill                                                                                                        
      and  purchased                                                                                                                        
      intangible  assets                                        -                          (885)                              -  
    Interest  and  other,  net                        (221)                        (401)                          (97)
                                                      --------------      --------------      --------------  
                                                                                                                                                        
Total  HP  consolidated                                                                                                              
  earnings  before  taxes          $                1,821      $                    394      $                3,297  
                                                      ==============      ==============      ==============  
                                                                                                                                                        
 

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