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23 November 2010 ,
Written by Dhruv Tanwar
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Computer maker HP has reported its financial results for the fourth fiscal quarter that ended October 31, 2010. The company reported net revenue of $33.3 billion, 8% higher than the same quarter during the prior-year. Diluted earnings per share (EPS) was $1.10, up 11% from $0.99 a year ago. Operating margin was 9.9%, down slightly from 10.2% during the fourth quarter of 2009. Net earnings were $2.5 billion, 5% more than last year's $2.4 billion.
For the full fiscal year 2010, net revenue was $126 billion, up 10% as compared with the prior-year. Operating profit was $11.5 billion, and diluted EPS was $3.69. For the first quarter of fiscal 2011, HP now estimates revenue in the range of $32.8 billion to $33.0 billion, and diluted EPS in the range of $1.06 to $1.08. |