HP CEO Whitman: 10 Take-Aways From Q4 Earnings

Personal Systems Commercial PC Strength

In Personal Systems we outperformed the market with particular strength in our commercial PC business. Revenue for the quarter was down 2 percent over the prior year but flat in constant currency against the backdrop of a market declining 9.5 percent in units in the third calendar quarter. Overall, we gained 1.8 points of share over the prior year and 1.2 points sequentially. As a result, we improved our share position in all three regions. In the fourth fiscal quarter, HP saw its first [PC] unit growth since the first calendar quarter of 2012 even as the market saw a continued decline in units. Our commercial PC business grew revenue 4 percent over the prior year driven by commercial notebooks, with our Elitebook portfolio doing particularly well.

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