EXHIBIT 99.2

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(Unaudited)
(In millions except per share amounts)
	Three months ended
	January 31, 2012			October 31, 2011			January 31, 2011
Net revenue	$	30,036		$	32,122		$	32,302
Costs and Expenses:(a)
Cost of sales		23,313			25,304			24,381
Research and development		786			829			798
Selling, general and administrative		3,367			3,605			3,117
Amortization of purchased intangible assets		466			411			425
Restructuring charges		40			179			158
Acquisition-related charges		22			114			29
Impairment of goodwill and purchased intangible assets		-			885			-
Total costs and expenses		27,994			31,327			28,908
Earnings from operations		2,042			795			3,394
Interest and other, net		(221	)		(401	)		(97	)
Earnings before taxes		1,821			394			3,297
Provision for taxes		353			155			692
Net earnings	$	1,468		$	239		$	2,605
Net earnings per share:
Basic	$	0.74		$	0.12		$	1.19
Diluted	$	0.73		$	0.12		$	1.17
Cash dividends declared per share	$	0.24		$	-		$	0.16
Weighted-average shares used to compute net earnings per share:
Basic		1,981			1,989			2,182
Diluted		1,998			2,005			2,226

(a)      In connection with organizational realignments implemented in the first quarter of fiscal year 2012, certain costs previously reported as Cost of Sales have been reclassified as Selling, General and Administrative expenses to better align those costs with the functional areas that benefit from those expenditures.

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(In millions)
	January 31, 2012		October 31, 2011
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	8,113	$	8,043
Accounts receivable		15,892		18,224
Financing receivables		3,123		3,162
Inventory		7,271		7,490
Other current assets		14,350		14,102
Total current assets		48,749		51,021
Property, plant and equipment		12,122		12,292
Long-term financing receivables and other assets		11,057		10,755
Goodwill and purchased intangible assets		54,668		55,449
Total assets	$	126,596	$	129,517
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable and short-term borrowings	$	5,438	$	8,083
Accounts payable		12,375		14,750
Employee compensation and benefits		3,136		3,999
Taxes on earnings		929		1,048
Deferred revenue		7,530		7,449
Other accrued liabilities		14,885		15,113
Total current liabilities		44,293		50,442
Long-term debt		25,462		22,551
Other liabilities		17,269		17,520
Stockholders' equity:
HP stockholders' equity		39,162		38,625
Non-controlling interests		410		379
Total stockholders' equity		39,572		39,004
Total liabilities and stockholders' equity	$	126,596	$	129,517

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited)
(In millions)
		Three months ended
		January 31, 2012			October 31, 2011			January 31, 2011
Net revenue:(a)
	Personal Systems Group	$	8,873		$	10,118		$	10,449
	Services		8,626			9,227			8,529
	Imaging and Printing Group		6,258			6,419			6,731
	Enterprise Servers, Storage and Networking		5,018			5,601			5,599
	Software		946			1,023			725
	HP Financial Services		950			952			827
	Corporate Investments		58			(131	)		62
	Total segments		30,729			33,209			32,922
	Elimination of intersegment net revenue and other	(693		)		(1,087	)		(620	)
	Total HP consolidated net revenue	$	30,036		$	32,122		$	32,302
Earnings from operations:(a)
	Personal Systems Group	$	464		$	578		$	672
	Services		905			1,210			1,381
	Imaging and Printing Group		761			793			1,119
	Enterprise Servers, Storage and Networking		562			717			830
	Software		162			284			120
	HP Financial Services		91			98			79
	Corporate Investments		(48	)		(908	)		(178	)
	Total segments		2,897			2,772			4,023
	Corporate and unallocated costs, gains and eliminations	(153		)		(196	)		149
	Unallocated costs related to stock-based compensation expense	(174		)		(192	)		(166	)
	Amortization of purchased intangible assets		(466	)		(411	)		(425	)
	Restructuring charges		(40	)		(179	)		(158	)
	Acquisition-related charges		(22	)		(114	)		(29	)
	Impairment of goodwill and purchased intangible assets	-				(885	)		-
	Interest and other, net		(221	)		(401	)		(97	)
Total HP consolidated earnings before taxes		$	1,821		$	394		$	3,297

(a) Certain fiscal 2012 organizational reclassifications have been reflected retroactively to provide improved visibility and comparability. For each of the quarters in fiscal year 2011, the reclassifications resulted in the transfer of revenue and operating profit among the Services, Imaging and Printing Group, Enterprise Servers, Storage and Networking, Software and Corporate Investments financial reporting segments. Reclassifications between segments included the transfer of the Indigo Scitex support and the LaserJet and enterprise solutions trade support businesses from Services to the Imaging and Printing Group, the transfer of the business intelligence services business from Corporate Investments to Services, the transfer of the information management services business from Software to Services, and the transfer of the TippingPoint business from Enterprise Servers, Storage and Networking to Software. There was no impact on the previously reported financial results for the Personal Systems Group and HP Financial Services segments.

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