HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited)
(In millions)
Three months ended
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January 31, October 31, January 31,
2008 2007(a) 2007(a)
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Net revenue:
Enterprise Storage and
Servers $ 4,820 $ 5,108 $ 4,421
HP Services 4,378 4,348 3,932
HP Software 666 759 598
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Technology Solutions Group 9,864 10,215 8,951
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Personal Systems Group 10,791 10,133 8,719
Imaging and Printing Group 7,312 7,554 6,999
HP Financial Services 642 657 547
Corporate Investments 218 210 157
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Total Segments 28,827 28,769 25,373
Eliminations of intersegment
net revenue and other (360) (476) (291)
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Total HP Consolidated $ 28,467 $ 28,293 $ 25,082
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Earnings (Loss) from operations:
Enterprise Storage and
Servers $ 673 $ 736 $ 453
HP Services 489 515 406
HP Software 51 145 18
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Technology Solutions Group 1,213 1,396 877
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Personal Systems Group 628 589 414
Imaging and Printing Group 1,150 1,094 1,073
HP Financial Services 43 48 32
Corporate Investments 8 (5) (29)
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Total Segments 3,042 3,122 2,367
Corporate and unallocated
costs and eliminations (89) (197) (66)
Unallocated costs related
to stock-based
compensation expense
(124) (122) (140)
Amortization of purchased
intangible assets (206) (187) (201)
In-process research and
development charges - (4) (167)
Restructuring (10) 20 41
Pension curtailments and
pension settlements, net - - 9
Interest and other, net 72 67 121
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Total HP Consolidated Earnings
Before Taxes $ 2,685 $ 2,699 $ 1,964
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(a) Certain fiscal 2008 organizational reclassifications have been
reflected retroactively to provide improved visibility and
comparability. For each of the quarters in fiscal year 2007, the
reclassifications resulted in the transfer of revenue and
operating profit among the Enterprise Storage and Servers, HP
Services and HP Software segments within the Technology Solutions
Group. There was no impact on the previously reported financial
results for the other segments.
