HP Reports Revenue Declines in Fourth Quarter and Fiscal Year Results
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Personal Systems Group
Personal Systems Group (PSG) posted an increase of unit shipments of 8% and maintained the leading market share position in PCs worldwide. PSG revenue declined 12% to $9.9 billion. Notebook revenue for the quarter was down 8%, while Desktop revenue declined 16%. Commercial client revenue was down 15%, while Consumer client revenue decreased 8%. Operating profit was $460 million, or 4.7% of revenue, down from $616 million, or 5.5% of revenue, in the prior-year period.
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