HPQ » Topics » Imaging and Printing Group-Supplemental Combined Company Information

This excerpt taken from the HPQ 10-K filed Jan 14, 2005.

Imaging and Printing Group—Supplemental Combined Company Information

        As Compaq did not have a comparable imaging and printing business, IPG's historical results are not materially different from the combined company results below.

 
  Supplemental Combined
Company Information
For the fiscal years ended October 31

 
 
  2003
  2002
 
 
  In millions

 
Net revenue   $ 22,569   $ 20,399  
Earnings from operations   $ 3,596   $ 3,366  
Earnings from operations as a % of net revenue     15.9 %   16.5 %
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