HP Misses, Q4 2012 Revenue Down 7% To $30B, $6.9B Net Loss, $8.8B Write-Down For Autonomy Acquisition

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http://techcrunch.com – HP’s earnings for Q4 ending on October 31 show a gloomy quarter. Revenue is down 7 percent to $30 billion compared to Q4 2011. But the real problem comes from GAAP net income, with a net loss of $6.9 billion, or $3.49 per share, compared to a slim net profit of $0.2 billion for Q4 2011. Non-GAAP diluted earnings per share is at $1.16 compared to $1.17 year-over-year. Most of the bad news comes from a huge $8.8B write-down for $10.2 billion Autonomy acquisition due to accounting fraud. In its earnings document, HP cites “serious accounting improprieties, disclosure failures and outr (IT news)