d o i — $23 billio figure mig ve bee few millio iger if o for e burd Golde Prcue Mr urd will coiue o flo o for ceurie o come ll jeig ide, P publied i Q3 2010 ficil ody, reporig ely $23b i operig profi (o o be cofued wi e icome, wic deduc oe mive corpore xe) d five perce icree yer-over-yer ll old, ird qurer reveue w lied $307 billio ( 114 perce upic from l yer), wi “record” mou of ervice igig Iereigly, woppig 63 perce of ol P reveue cme from ouide of meric, oug we’re rugglig o fid y pecific meio of urd or Plm i e relee (embedded fer e bre) We’ll be cecig i o e pre cll orly — we’ll le you ow if yig crzy goe dow ow full PR ex
ird qurer e reveue of $307 billio, up 114%, or $31 billio, from yer erlier
ird qurer GP operig profi up 5% o $23 billio; GP dilued erig per re of $075, up 9% from $069 yer erlier
ird qurer o-GP operig profi up 14% o $34 billio; o-GP dilued erig per re of $108, up 17% from $092 yer erlier
Brod-bed yer-over-yer reveue grow drive by E 19%, PG 17% d IPG 9%
Record ervice igig
olid yer-over-yer reveue grow cro ll regio
PLO LO, Clif–(BUIE WIRE)–P (YE: PQ) ody ouced ficil reul for i ird ficl qurer eded July 31, 2010, wi e reveue of $307 billio, up 114% from yer erlier icludig fvorble currecy beefi of pproximely oe percege poi
“We ried our full-yer ouloo d re coiuig o build momeum i drivig ou co, iveig for profible grow d cpilizig o P’ compeiive dvge i e mreplce”
I e ird qurer, GP dilued erig per re (EP) w $075, up from $069 i e prior-yer period o-GP dilued EP w $108, up from $092 i e prior-yer period, icludig oe-ime egive impc of pproximely $002 per re reled o legl eleme o-GP ficil iformio exclude fer-x co of pproximely $033 per re d $023 per re i e ird qurer of ficl 2010 d 2009, repecively, reled primrily o e morizio of purced igible, rerucurig crge d cquiiio-reled crge
“e brod-bed reg of P’ Q3 performce furer demore e power of our regy d e diciplie of our execuio,” id Cie Lej, P cief ficil officer d ierim cief execuive officer “We ried our full-yer ouloo d re coiuig o build momeum i drivig ou co, iveig for profible grow d cpilizig o P’ compeiive dvge i e mreplce”
Q3 FY10 Q3 FY09 Y/Y
e reveue ($B) $307 $276 11%
GP operig mrgi 76% 80% (04 p)
GP e erig ($B) $18 $17 6%
GP dilued EP $075 $069 9%
o-GP operig mrgi 112% 109% 03 p
o-GP e erig ($B) $26 $22 15%
o-GP dilued EP $108 $092 17%
Iformio bou P’ ue of o-GP ficil iformio i provided uder “Ue of o-GP ficil iformio” below Ule oerwie oed, ll grow re icluded i e rrive below reflec yer-over-yer comprio
ird qurer reveue w up 12% i e meric o $142 billio Reveue w up 9% i Europe, e Middle E d fric d up 14% i i Pcific o $109 billio d $56 billio, repecively We djued for e effec of currecy, reveue w up 11% i e meric, up 12% i Europe, e Middle E d fric d up 8% i i Pcific Reveue from ouide of e Uied e i e ird qurer ccoued for 63% of ol P reveue, wi reveue i e BRIC courie (Brzil, Rui, Idi d Ci) icreig 21% wile ccouig for 11% of ol P reveue
ervice
ervice reveue icreed 1% o $86 billio Ifrrucure ecology Ouourcig reveue d Buie Proce Ouourcig ec icreed 1%, wile reveue i ecology ervice declied rougly 1% pplicio ervice reveue w up 4% veru e prior-yer period Operig profi w $14 billio, or 159% of reveue, up from $13 billio, or 153% of reveue, i e prior-yer period
Eerprie orge d erver
Eerprie orge d erver (E) repored ol reveue of $44 billio, up 19% Idury drd erver reveue icreed 31%, wile orge reveue icreed 10% d Buie Criicl yem reveue declied 15% E blde reveue w up 29% Operig profi w $549 millio, or 123% of reveue, up from $381 millio, or 102% of reveue, i e prior-yer period
P ofwre
P ofwre reveue icreed 2% o $863 millio Buie ecology Opimizio reveue icreed 3%, d Oer ofwre reveue decreed 1% Operig profi w $183 millio, or 212% of reveue, up from $153 millio, or 181% of reveue, i e prior-yer period
Perol yem Group
Perol yem Group (PG) poed 12% icree i ui ipme d miied e ledig mre re poiio i PC worldwide PG reveue icreed 17% o $99 billio oeboo reveue for e qurer w up 10%, wile Deop reveue icreed 27% Commercil clie reveue w up 25%, wile Coumer clie reveue icreed 12% Operig profi w $469 millio, or 47% of reveue, up from $387 millio, or 46% of reveue, i e prior-yer period
Imgig d Priig Group
Imgig d Priig Group (IPG) reveue icreed 9% o $62 billio upplie reveue w up 5%, wile Commercil rdwre reveue d Coumer rdwre reveue icreed 28% d 4%, repecively Prier ui ipme icreed 16%, wi Commercil prier rdwre ui up 44% d Coumer prier rdwre ui up 9% Operig profi w $10 billio, or 169% of reveue, veru $960 millio, or 170% of reveue, i e prior-yer period
Corpore Iveme
ProCurve reveue icreed 42%, d P eworig overll icreed 198% yer over yer icludig e impc of e 3Com cquiiio
P Ficil ervice
P Ficil ervice (PF) reveue icreed 14% o $764 millio Ficig volume icreed 3%, d e porfolio e icreed 13% Operig mrgi w 94%, up from 79% i e prior-yer period
e mgeme
P geered $33 billio i c flow from operio for e ird qurer Iveory eded e qurer $72 billio, wi dy of iveory up o 28 from 25 i e prior-yer period ccou receivble of $156 billio w dow 2 dy yer over yer ccou pyble eded e qurer $149 billio, up 2 dy over e prior-yer period P’ divided pyme of $008 per re i e ird qurer reuled i c uge of $205 millio P lo uilized $26 billio of c durig e qurer o repurce pproximely 55 millio re of commo oc i e ope mre P exied e qurer wi $148 billio i gro c
Ouloo
For e four qurer of ficl 2010, P eime reveue of pproximely $325 billio o $327 billio, GP dilued EP i e rge of $103 o $105, d o-GP dilued EP i e rge of $125 o $127 Four qurer ficl 2010 o-GP dilued EP eime exclude fer-x co of pproximely $022 per re, reled primrily o e morizio of purced igible, rerucurig crge d cquiiio-reled crge
For e full yer, P expec reveue i e rge of $1253 billio o $1255 billio P expec FY10 GP dilued EP o be i e rge of $362 o $364 d o-GP dilued EP i e rge of $449 o $451 FY10 o-GP dilued EP eime exclude fer-x co of pproximely $087 per re, reled primrily o e morizio of purced igible, rerucurig crge d cquiiio-reled crge
More iformio o P’ qurerly erig, icludig ddiiol ficil lyi d erig overview preeio, i vilble o P’ Iveor Relio webie wwwpcom/iveor/ome
P’ Q3 FY10 erig coferece cll i cceible vi udio webc wwwpcom/iveor/2010q3webc
bou P
P cree ew poibiliie for ecology o ve meigful impc o people, buiee, goverme d ociey e world’ lrge ecology compy, P brig ogeer porfolio p priig, perol compuig, ofwre, ervice d I ifrrucure o olve cuomer problem More iformio bou P i vilble p://wwwpcom

