(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
Tipping Point 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 former Application Services, Business Process Outsourcing and Other
Services business units were consolidated into a new Application and
Business Services business unit in fiscal 2012.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
SEGMENT NON-GAAP OPERATING MARGIN SUMMARY DATA
(Unaudited)
(In millions)
Three months Change in Operating Margin
ended (pts)
------------- ----------------------------
January 31,
2012 Q/Q Y/Y
------------- ------------- -------------
Non-GAAP operating margin:(a)
Personal Systems Group 5.2% (0.5 pts) (1.2 pts)
Services 10.5% (2.6 pts) (5.7 pts)
Imaging and Printing Group 12.2% (0.2 pts) (4.4 pts)
Enterprise Servers, Storage
and Networking 11.2% (1.6 pts) (3.6 pts)
Software 17.1% (10.7 pts) 0.5 pts
HP Financial Services 9.6% (0.7 pts) - pts
Corporate Investments (82.8%) NM 204.3 pts
Total segments 9.4% (1.2 pts) (2.8 pts)
Total HP consolidated non-
GAAP operating margin 8.6% (1.1 pts) (3.8 pts)
