HP: Fiscal 4Q09 Financial Results

HP announced financial results for its fourth fiscal quarter ended Oct. 31, 2009, with net revenue of $30.8 billion, down 8% from a year earlier and up 12% sequentially. For fiscal 2009, net revenues amounted $114.6 billion, down 3%.

Enterprise Storage and Servers reported total revenue of $4.2 billion for the year, down 17%. Operating profit was $481 million, or 11.4% of revenue, down from $705 million, or 13.9% of revenue, in the prior-year period.

Enterprise Storage and Servers (without services)

Storage revenues declined 20% with the midrange EVA product line down 23%. They represent 3% of HP total activity.

For storage only (without services)