HP Reports Revenue Declines in Fourth Quarter and Fiscal Year Results
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Enterprise Storage and Servers
Enterprise Storage and Servers (ESS) reported total revenue of $4.2 billion, down 17%. Storage revenue declined 20% with the midrange EVA product line down 23%. Industry Standard Server revenue declined 10% and Business Critical Systems revenue declined 33%, while ESS blade revenue was down 8%. Operating profit was $481 million, or 11.4% of revenue, down from $705 million, or 13.9% of revenue, in the prior-year period.
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