HP 8K Reports First Quarter 2012 Results | HPQ 22 Feb 12

EXHIBIT 99.3


HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2010 CONSOLIDATED CONDENSED STATEMENT OF EARNINGS (Revised)
(Unaudited)
(In millions)


	REVISED AMOUNTS															AMOUNTS AS PREVIOUSLY REPORTED															VARIANCE
	Three months ended												Twelve months ended			Three months ended												Twelve months ended			Three months ended												Twelve months ended
	Jan. 31, 2010			Apr. 30, 2010			Jul. 31, 2010			Oct. 31, 2010			Oct. 31, 2010			Jan. 31, 2010			Apr. 30, 2010			Jul. 31, 2010			Oct. 31, 2010			Oct. 31, 2010			Jan. 31, 2010			Apr. 30, 2010			Jul. 31, 2010			Oct. 31, 2010			Oct. 31, 2010

Net revenue	$	31,177		$	30,849		$	30,729		$	33,278		$	126,033		$	31,177		$	30,849		$	30,729		$	33,278		$	126,033		$	-		$	-		$	-		$	-		$	-

Costs and expenses:(a)
Cost of sales		24,002			23,542			23,340			24,968			95,852			24,027			23,569			23,365			24,995			95,956			(25	)		(27	)		(25	)		(27	)		(104	)
Research and development		681			722			742			814			2,959			681			722			742			814			2,959			-			-			-			-			-
Selling, general and administrative		2,992			3,123			3,216			3,491			12,822			2,967			3,096			3,191			3,464			12,718			25			27			25			27			104
Amortization of purchased intangible assets		330			347			383			424			1,484			330			347			383			424			1,484			-			-			-			-			-
Restructuring charges		131			180			598			235			1,144			131			180			598			235			1,144			-			-			-			-			-
Acquisition-related charges		38			77			127			51			293			38			77			127			51			293			-			-			-			-			-
Total costs and expenses		28,174			27,991			28,406			29,983			114,554			28,174			27,991			28,406			29,983			114,554			-			-			-			-			-

Earnings from operations		3,003			2,858			2,323			3,295			11,479			3,003			2,858			2,323			3,295			11,479			-			-			-			-			-

Interest and other, net		(199	)		(91	)		(134	)		(81	)		(505	)		(199	)		(91	)		(134	)		(81	)		(505	)		-			-			-			-			-

Earnings before taxes		2,804			2,767			2,189			3,214			10,974			2,804			2,767			2,189			3,214			10,974			-			-			-			-			-

Provision for taxes		554			567			416			676			2,213			554			567			416			676			2,213			-			-			-			-			-

Net earnings	$	2,250		$	2,200		$	1,773		$	2,538		$	8,761		$	2,250		$	2,200		$	1,773		$	2,538		$	8,761		$	-		$	-		$	-		$	-		$	-

(a)

In connection with organizational realignments implemented in the first quarter of fiscal 2012, certain costs previously reported as Cost of Sales have been reclassified as Selling, General and Administrative expenses to better align those costs with the functional areas that benefit from those expenditures.

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2011 CONSOLIDATED CONDENSED STATEMENT OF EARNINGS (Revised)
(Unaudited)
(In millions)


	REVISED AMOUNTS															AMOUNTS AS PREVIOUSLY REPORTED															VARIANCE
	Three months ended												Twelve months ended			Three months ended												Twelve months ended			Three months ended												Twelve months ended
	Jan. 31, 2011			Apr. 30, 2011			Jul. 31, 2011			Oct. 31, 2011			Oct. 31, 2011			Jan. 31, 2011			Apr. 30, 2011			Jul. 31, 2011			Oct. 31, 2011			Oct. 31, 2011			Jan. 31, 2011			Apr. 30, 2011			Jul. 31, 2011			Oct. 31, 2011			Oct. 31, 2011

Net revenue	$	32,302		$	31,632		$	31,189		$	32,122		$	127,245		$	32,302		$	31,632		$	31,189		$	32,122		$	127,245		$	-		$	-		$	-		$	-		$	-

Costs and expenses:(a)
Cost of sales		24,381			23,832			23,901			25,304			97,418			24,408			23,860			23,929			25,332			97,529			(27	)		(28	)		(28	)		(28	)		(111	)
Research and development		798			815			812			829			3,254			798			815			812			829			3,254			-			-			-			-			-
Selling, general and administrative		3,117			3,425			3,430			3,605			13,577			3,090			3,397			3,402			3,577			13,466			27			28			28			28			111
Amortization of purchased intangible assets		425			413			358			411			1,607			425			413			358			411			1,607			-			-			-			-			-
Restructuring charges		158			158			150			179			645			158			158			150			179			645			-			-			-			-			-
Acquisition-related charges		29			21			18			114			182			29			21			18			114			182			-			-			-			-			-
Impairment of goodwill and purchased intangible assets		-			-			-			885			885			-			-			-			885			885			-			-			-			-			-

Total costs and expenses		28,908			28,664			28,669			31,327			117,568			28,908			28,664			28,669			31,327			117,568			-			-			-			-			-

Earnings from operations		3,394			2,968			2,520			795			9,677			3,394			2,968			2,520			795			9,677			-			-			-			-			-

Interest and other, net		(97	)		(76	)		(121	)		(401	)		(695	)		(97	)		(76	)		(121	)		(401	)		(695	)		-			-			-			-			-

Earnings before taxes		3,297			2,892			2,399			394			8,982			3,297			2,892			2,399			394			8,982			-			-			-			-			-

Provision for taxes		692			588			473			155			1,908			692			588			473			155			1,908			-			-			-			-			-

Net earnings	$	2,605		$	2,304		$	1,926		$	239		$	7,074		$	2,605		$	2,304		$	1,926		$	239		$	7,074		$	-		$	-		$	-		$	-		$	-

(a)

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES

FISCAL 2010 SEGMENT INFORMATION (Revised)

(Unaudited)

(In millions)

REVISED AMOUNTS

Three months ended

Twelve

months

ended

Jan. 31,

2010

Apr. 30,

2010

Jul. 31,

2010

Oct. 31,

2010

Oct. 31,

2010

Net revenue: (a)

Personal Systems Group	$	10,584					$	9,956					$	9,918					$	10,283					$	40,741
Services		8,704						8,783						8,718						9,071						35,276
Imaging and Printing Group		6,317						6,494						6,267						7,098						26,176
Enterprise Servers, Storage and Networking		4,610						4,810						4,976						5,850						20,246
Software		656						674						688						794						2,812
HP Financial Services		719						755						764						809						3,047
Corporate Investments		42						33						46						93						214
Total segments		31,632						31,505						31,377						33,998						128,512

Elimination of intersegment net revenue and other		(455	)					(656	)					(648	)					(720	)					(2,479	)

Total HP consolidated net revenue	$	31,177					$	30,849					$	30,729					$	33,278					$	126,033


Earnings from operations: (a)					OP%						OP%						OP%						OP%						OP%

Personal Systems Group	$	530			5.0	%	$	465			4.7	%	$	469			4.7	%	$	568			5.5	%	$	2,032			5.0	%
Services		1,399			16.1	%		1,417			16.1	%		1,392			16.0	%		1,506			16.6	%		5,714			16.2	%
Imaging and Printing Group		1,029			16.3	%		1,079			16.6	%		1,032			16.5	%		1,217			17.1	%		4,357			16.6	%
Enterprise Servers, Storage and Networking		607			13.2	%		635			13.2	%		689			13.8	%		883			15.1	%		2,814			13.9	%
Software		171			26.1	%		154			22.8	%		197			28.6	%		265			33.4	%		787			28.0	%
HP Financial Services		67			9.3	%		69			9.1	%		72			9.4	%		73			9.0	%		281			9.2	%
Corporate Investments		(50	)	-119.0		%		(60	)	-181.8		%		(89	)	-193.5		%		(159	)	-171.0		%		(358	)	-167.3		%
Total segments		3,753						3,759						3,762						4,353						15,627

Corporate and unallocated costs and eliminations		(88	)					(112	)					(175	)					(239	)					(614	)
Unallocated costs related to stock-based compensation expense		(163	)					(185	)					(156	)					(109	)					(613	)
Amortization of purchased intangible assets		(330	)					(347	)					(383	)					(424	)					(1,484	)
Restructuring charges		(131	)					(180	)					(598	)					(235	)					(1,144	)
Acquisition-related charges		(38	)					(77	)					(127	)					(51	)					(293	)
Interest and other, net		(199	)					(91	)					(134	)					(81	)					(505	)

Total HP consolidated earnings before taxes	$	2,804					$	2,767					$	2,189					$	3,214					$	10,974

(a)

Certain fiscal 2012 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 Services, Imaging and Printing Group, Enterprise Servers, Storage and Networking, Software and Corporate Investments financial reporting segments. Reclassifications between segments included the transfer of the Indigo Scitex support and the LaserJet and enterprise solutions trade support businesses from Services to the Imaging and Printing Group, the transfer of the business intelligence services business from Corporate Investments to Services, the transfer of the information management services business from Software to Services, and the transfer of the TippingPoint business from Enterprise Servers, Storage and Networking to Software. There was no impact on the previously reported financial results for the Personal Systems Group and HP Financial Services segments.

HEWLETT-PACKARD COMPANYAND SUBSIDIARIES

FISCAL 2010 SEGMENT INFORMATION (Previously reported)

(Unaudited)

(In millions)

AMOUNTS AS PREVIOUSLY REPORTED

Three months ended

Twelve

months

ended

Jan. 31,

2010

Apr. 30,

2010

Jul. 31,

2010

Oct. 31,

2010

Oct. 31,

2010

Net revenue:

Personal Systems Group	$	10,584					$	9,956					$	9,918					$	10,283					$	40,741
Services		8,790						8,842						8,772						9,125						35,529
Imaging and Printing Group		6,206						6,396						6,167						6,995						25,764
Enterprise Servers, Storage and Networking		4,610						4,837						5,021						5,888						20,356
Software		663						653						650						763						2,729
HP Financial Services		719						755						764						809						3,047
Corporate Investments		60						66						85						135						346
Total segments		31,632						31,505						31,377						33,998						128,512

Elimination of intersegment net revenue and other		(455	)					(656	)					(648	)					(720	)					(2,479	)

Total HP consolidated net revenue	$	31,177					$	30,849					$	30,729					$	33,278					$	126,033


Earnings from operations:				OP		%				OP		%				OP		%				OP		%				OP		%

Personal Systems Group	$	530			5.0	%	$	465			4.7	%	$	469			4.7	%	$	568			5.5	%	$	2,032			5.0	%
Services		1,379			15.7	%		1,401			15.8	%		1,381			15.7	%		1,500			16.4	%		5,661			15.9	%
Imaging and Printing Group		1,054			17.0	%		1,098			17.2	%		1,040			16.9	%		1,220			17.4	%		4,412			17.1	%
Enterprise Servers,Storage and Networking		607			13.2	%		624			12.9	%		706			14.1	%		888			15.1	%		2,825			13.9	%
Software		172			25.9	%		167			25.6	%		182			28.0	%		261			34.2	%		782			28.7	%
HP Financial Services		67			9.3	%		69			9.1	%		72			9.4	%		73			9.0	%		281			9.2	%
Corporate Investments		(56	)	-93.3		%		(65	)	-98.5		%		(88	)	-103.5		%		(157	)	-116.3		%		(366	)	-105.8		%
Total segments		3,753						3,759						3,762						4,353						15,627

Corporate and unallocated costs and eliminations		(88	)					(112	)					(175	)					(239	)					(614	)
Unallocated costs related to stock-based compensation expense		(163	)					(185	)					(156	)					(109	)					(613	)
Amortization of purchased intangible assets		(330	)					(347	)					(383	)					(424	)					(1,484	)
Restructuring charges		(131	)					(180	)					(598	)					(235	)					(1,144	)
Acquisition-related charges		(38	)					(77	)					(127	)					(51	)					(293	)
Interest and other, net		(199	)					(91	)					(134	)					(81	)					(505	)

Total HP consolidated earnings before taxes	$	2,804					$	2,767					$	2,189					$	3,214					$	10,974

HEWLETT-PACKARD COMPANYAND SUBSIDIARIES FISCAL 2010 SEGMENT INFORMATION (Variance) (Unaudited) (In millions)
VARIANCE BETWEEN REVISED AND PREVIOUSLY REPORTED AMOUNTS
	Three months ended																								Twelve months ended
	Jan. 31, 2010						Apr. 30, 2010						Jul. 31, 2010						Oct. 31, 2010						Oct. 31, 2010

Net revenue: (a)

Personal Systems Group	$	-					$	-					$	-					$	-					$	-
Services		(86	)					(59	)					(54	)					(54	)					(253	)
Imaging and Printing Group		111						98						100						103						412
Enterprise Servers, Storage and Networking		-						(27	)					(45	)					(38	)					(110	)
Software		(7	)					21						38						31						83
HP Financial Services		-						-						-						-						-
Corporate Investments		(18	)					(33	)					(39	)					(42	)					(132	)
Total segments		-						-						-						-						-

Elimination of intersegment net revenue and other		-						-						-						-						-

Total HP consolidated net revenue	$	-					$	-					$	-					$	-					$	-


Earnings from operations: (a)				OP		%				OP		%				OP		%				OP		%				OP		%

Personal Systems Group	$	-			-	pts	$	-			-	pts	$	-			-	pts	$	-			-	pts	$	-			-	pts
Services		20			0.4	pts		16			0.3	pts		11			0.3	pts		6			0.2	pts		53			0.3	pts
Imaging and Printing Group		(25	)		(0.7)	pts		(19	)		(0.6)	pts		(8	)		(0.4)	pts		(3	)		(0.3)	pts		(55	)		(0.5)	pts
Enterprise Servers, Storage and Networking		-			-	pts		11			0.3	pts		(17	)		(0.3)	pts		(5	)		-	pts		(11	)		-	pts
Software		(1	)		0.2	pts		(13	)		(2.8)	pts		15			0.6	pts		4			(0.8)	pts		5			(0.7)	pts
HP Financial Services		-			-	pts		-			-	pts		-			-	pts		-			-	pts		-			-	pts
Corporate Investments		6		(25.7)		pts		5		(83.3)		pts		(1	)	(90.0)		pts		(2	)	(54.7)		pts		8		(61.5)		pts
Total segments		-						-						-						-						-

Corporate and unallocated costs and eliminations		-						-						-						-						-
Unallocated costs related to stock-based compensation expense		-						-						-						-						-
Amortization of purchased intangible assets		-						-						-						-						-
Restructuring charges		-						-						-						-						-
Acquisition-related charges		-						-						-						-						-
Interest and other, net		-						-						-						-						-

Total HP consolidated earnings before taxes	$	-					$	-					$	-					$	-					$	-

(a)

Certain fiscal 2012 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 Services, Imaging and Printing Group, Enterprise Servers, Storage and Networking, Software and Corporate Investments financial reporting segments. Reclassifications between segments included the transfer of the Indigo Scitex support and the LaserJet and enterprise solutions trade support businesses from Services to the Imaging and Printing Group, the transfer of the business intelligence services business from Corporate Investments to Services, the transfer of the information management services business from Software to Services, and the transfer of the TippingPoint business from Enterprise Servers, Storage and Networking to Software. There was no impact on the previously reported financial results for the Personal Systems Group and HP Financial Services segments.

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2011 SEGMENT INFORMATION (Revised)
(Unaudited)
(In millions)

REVISED AMOUNTS
	Three months ended																								Twelve months ended
	Jan. 31, 2011						Apr. 30, 2011						Jul. 31, 2011						Oct. 31, 2011						Oct. 31, 2011

Net revenue: (a)

Personal Systems Group	$	10,449					$	9,415					$	9,592					$	10,118					$	39,574
Services		8,529						8,916						9,030						9,227						35,702
Imaging and Printing Group		6,731						6,843						6,183						6,419						26,176
Enterprise Servers, Storage and Networking		5,599						5,516						5,348						5,601						22,064
Software		725						797						822						1,023						3,367
HP Financial Services		827						885						932						952						3,596
Corporate Investments		62						42						235						(131	)					208
Total segments		32,922						32,414						32,142						33,209						130,687

Elimination of intersegment net revenue and other		(620	)					(782	)					(953	)					(1,087	)					(3,442	)

Total HP consolidated net revenue	$	32,302					$	31,632					$	31,189					$	32,122					$	127,245


Earnings from operations: (a)				OP		%				OP		%				OP		%				OP		%				OP		%

Personal Systems Group	$	672			6.4	%	$	533			5.7	%	$	567			5.9	%	$	578			5.7	%	$	2,350			5.9	%
Services		1,381			16.2	%		1,372			15.4	%		1,240			13.7	%		1,210			13.1	%		5,203			14.6	%
Imaging and Printing Group		1,119			16.6	%		1,136			16.6	%		879			14.2	%		793			12.4	%		3,927			15.0	%
Enterprise Servers, Storage and Networking		830			14.8	%		760			13.8	%		690			12.9	%		717			12.8	%		2,997			13.6	%
Software		120			16.6	%		158			19.8	%		160			19.5	%		284			27.8	%		722			21.4	%
HP Financial Services		79			9.6	%		83			9.4	%		88			9.4	%		98			10.3	%		348			9.7	%
Corporate Investments		(178	)	-287.1		%		(199	)	-473.8		%		(334	)	-142.1		%		(908	)	693.1		%		(1,619	)	-778.4		%
Total segments		4,023						3,843						3,290						2,772						13,928

Corporate and unallocated costs, gains and eliminations		149						(153	)					(114	)			��		(196	)					(314	)
Unallocated costs related to stock-based compensation expense		(166	)					(130	)					(130	)					(192	)					(618	)
Amortization of purchased intangible assets		(425	)					(413	)					(358	)					(411	)					(1,607	)
Restructuring charges		(158	)					(158	)					(150	)					(179	)					(645	)
Acquisition-related charges		(29	)					(21	)					(18	)					(114	)					(182	)
Impairment of goodwill and purchased intangible assets		-						-						-						(885	)					(885	)
Interest and other, net		(97	)					(76	)					(121	)					(401	)					(695	)

Total HP consolidated earnings before taxes	$	3,297					$	2,892					$	2,399					$	394					$	8,982

(a)

Certain fiscal 2012 organizational reclassifications have been reflected retroactively to provide improved visibility and comparability. For each of the quarters in fiscal year 2011, the reclassifications resulted in the transfer of revenue and operating profit among the Services, Imaging and Printing Group, Enterprise Servers, Storage and Networking, Software and Corporate Investments financial reporting segments. Reclassifications between segments included the transfer of the Indigo Scitex support and the LaserJet and enterprise solutions trade support businesses from Services to the Imaging and Printing Group, the transfer of the business intelligence services business from Corporate Investments to Services, the transfer of the information management services business from Software to Services, and the transfer of the TippingPoint business from Enterprise Servers, Storage and Networking to Software. There was no impact on the previously reported financial results for the Personal Systems Group and HP Financial Services segments.

HEWLETT-PACKARD COMPANYAND SUBSIDIARIES FISCAL 2011 SEGMENT INFORMATION (Previously reported) (Unaudited) (In millions)
AMOUNTS AS PREVIOUSLY REPORTED
	Three months ended																								Twelve months ended
	Jan. 31, 2011						Apr. 30, 2011						Jul. 31, 2011						Oct. 31, 2011						Oct. 31, 2011

Net revenue:

Personal Systems Group	$	10,449					$	9,415					$	9,592					$	10,118					$	39,574
Services		8,607						8,977						9,089						9,281						35,954
Imaging and Printing Group		6,630						6,745						6,087						6,321						25,783
Enterprise Servers, Storage and Networking		5,634						5,556						5,396						5,655						22,241
Software		697						764						780						976						3,217
HP Financial Services		827						885						932						952						3,596
Corporate Investments		78						72						266						(94	)					322
Total segments		32,922						32,414						32,142						33,209						130,687

Elimination of intersegment net revenue and other		(620	)					(782	)					(953	)					(1,087	)					(3,442	)

Total HP consolidated net revenue	$	32,302					$	31,632					$	31,189					$	32,122					$	127,245


Earnings from operations:				OP		%				OP		%				OP		%				OP						OP		%

Personal Systems Group	$	672			6.4	%	$	533			5.7	%	$	567			5.9	%	$	578			5.7	%	$	2,350			5.9	%
Services		1,375			16.0	%		1,361			15.2	%		1,225			13.5	%		1,188			12.8	%		5,149			14.3	%
Imaging and Printing Group		1,129			17.0	%		1,144			17.0	%		892			14.7	%		808			12.8	%		3,973			15.4	%
Enterprise Servers, Storage and Networking		828			14.7	%		766			13.8	%		699			13.0	%		733			13.0	%		3,026			13.6	%
Software		123			17.6	%		154			20.2	%		151			19.4	%		270			27.7	%		698			21.7	%
HP Financial Services		79			9.6	%		83			9.4	%		88			9.4	%		98			10.3	%		348			9.7	%
Corporate Investments		(183	)	-234.6		%		(198	)	-275.0		%		(332	)	-124.8		%		(903	)	960.6		%		(1,616	)	-501.9		%
Total segments		4,023						3,843						3,290						2,772						13,928

Corporate and unallocated costs, gains and eliminations		149						(153	)					(114	)					(196	)					(314	)
Unallocated costs related to stock-based compensation expense		(166	)					(130	)					(130	)					(192	)					(618	)
Amortization of purchased intangible assets		(425	)					(413	)					(358	)					(411	)					(1,607	)
Restructuring charges		(158	)					(158	)					(150	)					(179	)					(645	)
Acquisition-related charges		(29	)					(21	)					(18	)					(114	)					(182	)
Impairment of goodwill and purchased intangible assets		-						-						-						(885	)					(885	)
Interest and other, net		(97	)					(76	)					(121	)					(401	)					(695	)

Total HP consolidated earnings before taxes	$	3,297					$	2,892					$	2,399					$	394					$	8,982

HEWLETT-PACKARD COMPANYAND SUBSIDIARIES FISCAL 2011 SEGMENT INFORMATION (Variance) (Unaudited) (In millions)
VARIANCE BETWEEN REVISED AND PREVIOUSLY REPORTED AMOUNTS
	Three months ended																								Twelve months ended
	Jan. 31, 2011						Apr. 30, 2011						Jul. 31, 2011						Oct. 31, 2011						Oct. 31, 2011

Net revenue: (a)


Personal Systems Group	$	-					$	-					$	-					$	-					$	-
Services		(78	)					(61	)					(59	)					(54	)					(252	)
Imaging and Printing Group		101						98						96						98						393
Enterprise Servers, Storage and Networking		(35	)					(40	)					(48	)					(54	)					(177	)
Software		28						33						42						47						150
HP Financial Services		-						-						-						-						-
Corporate Investments		(16	)					(30	)					(31	)					(37	)					(114	)
Total segments		-						-						-						-						-

Elimination of intersegment net revenue and other		-						-						-						-						-

Total HP consolidated net revenue	$	-					$	-					$	-					$	-					$	-


Earnings from operations: (a)				OP		%				OP		%				OP		%				OP		%				OP		%

Personal Systems Group	$	-			-	pts	$	-			-	pts	$	-			-	pts	$	-			-	pts	$	-			-	pts
Services		6			0.2	pts		11			0.2	pts		15			0.2	pts		22			0.3	pts		54			0.3	pts
Imaging and Printing Group		(10	)		(0.4)	pts		(8	)		(0.4)	pts		(13	)		(0.5)	pts		(15	)		(0.4)	pts		(46	)		(0.4)	pts
Enterprise Servers, Storage and Networking		2			0.1	pts		(6	)		-	pts		(9	)		(0.1)	pts		(16	)		(0.2)	pts		(29	)		-	pts
Software		(3	)		(1.0)	pts		4			(0.4)	pts		9			0.1	pts		14			0.1	pts		24			(0.3)	pts
HP Financial Services		-			-	pts		-			-	pts		-			-	pts		-			-	pts		-			-	pts
Corporate Investments		5		(52.5)		pts		(1	)	(198.8)		pts		(2	)	(17.3)		pts		(5	)	(267.5)		pts		(3	)	(276.5)		pts
Total segments		-						-						-						-						-
Corporate and unallocated costs, gains and eliminations		-						-						-						-						-
Unallocated costs related to stock-based compensation expense		-						-						-						-						-
Amortization of purchased intangible assets		-						-						-						-						-
Restructuring charges		-						-						-						-						-
Acquisition-related charges		-						-						-						-						-
Impairment of goodwill and purchased intangible assets		-						-						-						-						-
Interest and other, net		-						-						-						-						-

Total HP consolidated earnings before taxes	$	-					$	-					$	-					$	-					$	-

(a)

Certain fiscal 2012 organizational reclassifications have been reflected retroactively to provide improved visibility and comparability. For each of the quarters in fiscal year 2011, the reclassifications resulted in the transfer of revenue and operating profit among the Services, Imaging and Printing Group, Enterprise Servers, Storage and Networking, Software and Corporate Investments financial reporting segments. Reclassifications between segments included the transfer of the Indigo Scitex support and the LaserJet and enterprise solutions trade support businesses from Services to the Imaging and Printing Group, the transfer of the business intelligence services business from Corporate Investments to Services, the transfer of the information management services business from Software to Services, and the transfer of the TippingPoint business from Enterprise Servers, Storage and Networking to Software. There was no impact on the previously reported financial results for the Personal Systems Group and HP Financial Services segments.

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2010 SEGMENT / BUSINESS UNIT INFORMATION (Revised)
(Unaudited)
(In millions)


	REVISED AMOUNTS															AMOUNTS AS PREVIOUSLY REPORTED															VARIANCE
	Three months ended												Twelve months ended			Three months ended												Twelve months ended			Three months ended												Twelve months ended
	Jan. 31, 2010			Apr. 30, 2010			Jul. 31, 2010			Oct. 31, 2010			Oct. 31, 2010			Jan. 31, 2010			Apr. 30, 2010			Jul. 31, 2010			Oct. 31, 2010			Oct. 31, 2010			Jan. 31, 2010			Apr. 30, 2010			Jul. 31, 2010			Oct. 31, 2010			Oct. 31, 2010

Net revenue: (a)
Personal Systems Group
Notebooks	$	6,138		$	5,527		$	5,314		$	5,623		$	22,602		$	6,138		$	5,527		$	5,314		$	5,623			22,602		$	-		$	-		$	-		$	-		$	-
Desktops		3,853			3,797			3,941			3,928			15,519			3,853			3,797			3,941			3,928			15,519			-			-			-			-			-
Workstations		375			423			459			529			1,786			375			423			459			529			1,786			-			-			-			-			-
Other		218			209			204			203			834			218			209			204			203			834			-			-			-			-			-
Total Personal Systems Group		10,584			9,956			9,918			10,283			40,741			10,584			9,956			9,918			10,283			40,741			-			-			-			-			-

Services (b)
Infrastructure Technology Outsourcing		3,683			3,728			3,706			3,857			14,974			3,675			3,724			3,692			3,851			14,942			8			4			14			6			32
Technology Services		2,532			2,569			2,524			2,645			10,270			2,631			2,652			2,611			2,733			10,627			(99	)		(83	)		(87	)		(88	)		(357	)
Application and Business Services		2,489			2,486			2,488			2,569			10,032			-			-			-			-			-			2,489			2,486			2,488			2,569			10,032
Application Services		-			-			-			-			-			1,681			1,684			1,664			1,763			6,792			(1,681	)		(1,684	)		(1,664	)		(1,763	)		(6,792	)
Business Process Outsourcing		-			-			-			-			-			734			716			727			695			2,872			(734	)		(716	)		(727	)		(695	)		(2,872	)
Other		-			-			-			-			-			69			66			78			83			296			(69	)		(66	)		(78	)		(83	)		(296	)
Total Services		8,704			8,783			8,718			9,071			35,276			8,790			8,842			8,772			9,125			35,529			(86	)		(59	)		(54	)		(54	)		(253	)

Imaging and Printing Group
Supplies		4,081			4,331			4,130			4,707			17,249			4,081			4,331			4,130			4,707			17,249			-			-			-			-			-
Commercial Hardware		1,402			1,446			1,489			1,644			5,981			1,291			1,348			1,389			1,541			5,569			111			98			100			103			412
Consumer Hardware		834			717			648			747			2,946			834			717			648			747			2,946			-			-			-			-			-
Total Imaging and Printing Group		6,317			6,494			6,267			7,098			26,176			6,206			6,396			6,167			6,995			25,764			111			98			100			103			412

Enterprise Servers, Storage and Networking
Industry Standard Servers		2,946			3,056			3,042			3,530			12,574			2,946			3,056			3,042			3,530			12,574			-			-			-			-			-
Storage		889			948			904			1,044			3,785			889			948			904			1,044			3,785			-			-			-			-			-
Business Critical Systems		556			538			503			695			2,292			556			538			503			695			2,292			-			-			-			-			-
Networking		219			268			527			581			1,595			219			295			572			619			1,705			-			(27	)		(45	)		(38	)		(110	)
Total Enterprise Servers, Storage and Networking		4,610			4,810			4,976			5,850			20,246			4,610			4,837			5,021			5,888			20,356			-			(27	)		(45	)		(38	)		(110	)

Software		656			674			688			794			2,812			663			653			650			763			2,729			(7	)		21			38			31			83

HP Financial Services		719			755			764			809			3,047			719			755			764			809			3,047			-			-			-			-			-

Corporate Investments		42			33			46			93			214			60			66			85			135			346			(18	)		(33	)		(39	)		(42	)		(132	)
Total segments		31,632			31,505			31,377			33,998			128,512			31,632			31,505			31,377			33,998			128,512			-			-			-			-			-

Elimination of intersegment net revenue and other		(455	)		(656	)		(648	)		(720	)		(2,479	)		(455	)		(656	)		(648	)		(720	)		(2,479	)		-			-			-			-			-

Total HP consolidated net revenue	$	31,177		$	30,849		$	30,729		$	33,278		$	126,033		$	31,177		$	30,849		$	30,729		$	33,278		$	126,033		$	-		$	-		$	-		$	-		$	-

(a)	Certain fiscal 2012 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 among the Services, Imaging and Printing Group, Enterprise Servers, Storage and Networking, Software and Corporate Investments financial reporting segments. Reclassifications between segments included the transfer of Indigo Scitex support and the LaserJet and enterprise solutions trade support businesses from Services to the Imaging and Printing Group, the transfer of the business intelligence services business from Corporate Investments to Services, the transfer of the information management services business from Software to Services, and the transfer of the TippingPoint business from Enterprise Servers, Storage and Networking to Software. In addition, revenue was transferred among the business units within the Services segment.There was no impact on the previously reported financial results for the Personal Systems Group and HP Financial Services segments.

(b)	The Application Services, Business Process Outsourcing and Other Services business units were consolidated into a new Application and Business Services business unit.

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2011 SEGMENT / BUSINESS UNIT INFORMATION (Revised)
(Unaudited)
(In millions)

	REVISED AMOUNTS															AMOUNTS AS PREVIOUSLY REPORTED															VARIANCE
	Three months ended												Twelve months ended			Three months ended												Twelve months ended			Three months ended												Twelve months ended
	Jan. 31, 2011			Apr. 30, 2011			Jul. 31, 2011			Oct. 31, 2011			Oct. 31, 2011			Jan. 31, 2011			Apr. 30, 2011			Jul. 31, 2011			Oct. 31, 2011			Oct. 31, 2011			Jan. 31, 2011			Apr. 30, 2011			Jul. 31, 2011			Oct. 31, 2011			Oct. 31, 2011

Net revenue: (a)
Personal Systems Group
Notebooks	$	5,808		$	5,039		$	5,082		$	5,390		$	21,319		$	5,808		$	5,039		$	5,082		$	5,390			21,319		$	-		$	-		$	-		$	-		$	-
Desktops		3,896			3,641			3,777			3,946			15,260			3,896			3,641			3,777			3,946			15,260			-			-			-			-			-
Workstations		535			541			547			593			2,216			535			541			547			593			2,216			-			-			-			-			-
Other		210			194			186			189			779			210			194			186			189			779			-			-			-			-			-
Total Personal Systems Group		10,449			9,415			9,592			10,118			39,574			10,449			9,415			9,592			10,118			39,574			-			-			-			-			-

Services (b)
Infrastructure Technology Outsourcing		3,644			3,786			3,899			3,895			15,224			3,636			3,783			3,884			3,886			15,189			8			3			15			9			35
Technology Services		2,514			2,629			2,671			2,728			10,542			2,602			2,713			2,754			2,810			10,879			(88	)		(84	)		(83	)		(82	)		(337	)
Application and Business Services		2,371			2,501			2,460			2,604			9,936			-			-			-			-			-			2,371			2,501			2,460			2,604			9,936
Application Services		-			-			-			-			-			1,632			1,724			1,698			1,798			6,852			(1,632	)		(1,724	)		(1,698	)		(1,798	)		(6,852	)
Business Process Outsourcing		-			-			-			-			-			658			673			658			683			2,672			(658	)		(673	)		(658	)		(683	)		(2,672	)
Other		-			-			-			-			-			79			84			95			104			362			(79	)		(84	)		(95	)		(104	)		(362	)
Total Services		8,529			8,916			9,030			9,227			35,702			8,607			8,977			9,089			9,281			35,954			(78	)		(61	)		(59	)		(54	)		(252	)

Imaging and Printing Group
Supplies		4,358			4,612			4,143			4,041			17,154			4,358			4,612			4,143			4,041			17,154			-			-			-			-			-
Commercial Hardware		1,565			1,536			1,388			1,694			6,183			1,464			1,438			1,292			1,596			5,790			101			98			96			98			393
Consumer Hardware		808			695			652			684			2,839			808			695			652			684			2,839			-			-			-			-			-
Total Imaging and Printing Group		6,731			6,843			6,183			6,419			26,176			6,630			6,745			6,087			6,321			25,783			101			98			96			98			393

Enterprise Servers, Storage and Networking
Industry Standard Servers		3,448			3,387			3,302			3,384			13,521			3,448			3,387			3,302			3,384			13,521			-			-			-			-			-
Storage		1,012			980			976			1,088			4,056			1,012			980			976			1,088			4,056			-			-			-			-			-
Business Critical Systems		555			546			459			535			2,095			555			546			459			535			2,095			-			-			-			-			-
Networking		584			603			611			594			2,392			619			643			659			648			2,569			(35	)		(40	)		(48	)		(54	)		(177	)
Total Enterprise Servers, Storage and Networking		5,599			5,516			5,348			5,601			22,064			5,634			5,556			5,396			5,655			22,241			(35	)		(40	)		(48	)		(54	)		(177	)

Software		725			797			822			1,023			3,367			697			764			780			976			3,217			28			33			42			47			150

HP Financial Services		827			885			932			952			3,596			827			885			932			952			3,596			-			-			-			-			-

Corporate Investments		62			42			235			(131	)		208			78			72			266			(94	)		322			(16	)		(30	)		(31	)		(37	)		(114	)
Total segments		32,922			32,414			32,142			33,209			130,687			32,922			32,414			32,142			33,209			130,687			-			-			-			-			-

Elimination of intersegment net revenue and other		(620	)		(782	)		(953	)		(1,087	)		(3,442	)		(620	)		(782	)		(953	)		(1,087	)		(3,442	)		-			-			-			-			-

Total HP consolidated net revenue	$	32,302		$	31,632		$	31,189		$	32,122		$	127,245		$	32,302		$	31,632		$	31,189		$	32,122		$	127,245		$	-		$	-		$	-		$	-		$	-

(a)	Certain fiscal 2012 organizational reclassifications have been reflected retroactively to provide improved visibility and comparability. For each of the quarters in fiscal year 2011, the reclassifications resulted in the transfer of revenue among the Services, Imaging and Printing Group, Enterprise Servers, Storage and Networking, Software and Corporate Investments financial reporting segments. Reclassifications between segments included the transfer of Indigo Scitex support and the LaserJet and enterprise solutions trade support businesses from Services to the Imaging and Printing Group, the transfer of the business intelligence services business from Corporate Investments to Services, the transfer of the information management services business from Software to Services, and the transfer of the TippingPoint business from Enterprise Servers, Storage and Networking to Software. In addition, revenue was transferred among the business units within the Services segment.There was no impact on the previously reported financial results for the Personal Systems Group and HP Financial Services segments.

(b)	The Application Services, Business Process Outsourcing and Other Services business units were consolidated into a new Application and Business Services business unit.

HP (HPQ) 8-KHP Reports First Quarter 2012 Results