1、2010HP ANNUAL REPORTA LETTER FROM THECEO DEAR FELLOW STOCKHOLDERS,I want all of you to know how honored I am to lead this great company and how excited I am about the opportunities that lie ahead.HP is the worlds largest information technology company,which is impressive.However,even more impressive
2、 is what that scale meansthe innovation we can drive into the marketplace,the breadth and depth of our portfolio,the expanse of our global reach,the talent and dedication of our more than 300,000 people,the solutions we can bring to our customers,the value we can create for our stockholders,and the
3、impact we can have on the world.In fiscal 2010,as HP navigated a fragile economic recovery,all of these advantages were clearly evident.HP rebounded powerfully from the recessionary conditions of the prior year and reported growth in each reported business segment and in each of our three geographic
4、 regions.Our people remained focused on delivering for our customers and executing for our stockholders.For the year,we delivered:Net revenue of$126 billion,up 10 percent year-over-year GAAP operating profit of$11.5 billion,up 13 percent year-over-year GAAP diluted earnings per share of$3.69,up 18 p
5、ercent year-over-year Non-GAAP operating profit of$14.4 billion,up 14 percent year-over-year*Non-GAAP diluted earnings per share of$4.58,up 19 percent year-over-year*A POWERFUL PERFORMANCE ACROSS BUSINESSES AND GEOGRAPHIESHP once again demonstrated the power of our diversification by performing acro
6、ss economic cycles.You will remember that during the worst of the 2009 recession,it was the strength of our resilient businesses such as supplies and services that helped preserve revenue and earnings.In fiscal 2010,we benefited from a technology refresh in commercial enterprises,and it was our prod