This sounds scarily like the $8 billion write-off that tainted HP's Q3 balance sheet, but the source of the company's woes is different this time. It's had to take a nearly $9 billion writedown on the value of one of its biggest assets, the British software company Autonomy, following the discovery of serious accounting "improprieties." Nevertheless, fourth-quarter net revenue hit $30 billion, which is a 7 percent fall year-over-year, or just a 4 percent fall if you're kind enough to factor in the effects of currency. Of that income, the company managed to clutch onto $2.3 billion as profit -- a 3 percent fall compared to the end of 2011.
Filed under: Desktops, Laptops, HP
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Source: HP
Source: http://www.engadget.com/2012/11/20/hp-financials-q4-2012/
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