'

HP's fourth-quarter profits surge

Hewlett-Packard posted fourth-quarter financial results Thursday that capped off a year of dramatic improvements in profitability, led by solid quarters from just about every business unit. HP said net income for its fiscal fourth quarter, ended October 31, rose to $1.

Hewlett-Packard posted fourth-quarter financial results Thursday that capped off a year of dramatic improvements in profitability, led by solid quarters from just about every business unit.

HP said net income for its fiscal fourth quarter, ended October 31, rose to $1.7 billion, or 60 cents per share, up from $416 million, or 14 cents per share, in the same period last year. Revenue climbed 7 percent to $24.6 billion. The company took a massive charge in last year's fourth quarter to pay for the layoffs of more than 15,000 employees.... [Read more on HP's 4Q results]