In the year-ago period, the company had a net earning of $2.42 billion, HP said in a statement.
The company's net revenue rose to $33.27 billion in the fourth quarter ended October 31, from $30.77 billion in the same quarter of last financial year, clocking a gain of eight per cent.
The company has attributed its decent quarter numbers to demand in personal computers, server and storage business and good performance in BRIC (Brazil, Russia, India and China) countries.
"HP continued to execute in the fourth quarter, delivering growth, expanding margins and increasing earnings per share in double digits. We continue to invest in the business, in sales and in R&D, while driving further efficiencies," Executive Vice-president and CFO Cathie Lesjak said.
During the quarter, BRIC countries have emerged as the best performers with revenue increasing 12 per cent and accounting 10 per cent of the overall company's revenue.
While revenue from Asia Pacific operations swelled 8 per cent to $5.8 billion, revenues rose 10 per cent in the Americas to $15.1 billion and it surged 6 per cent in Europe, the West Asia and Africa to $12.4 billion.
Looking ahead, the company said it has raised its revenue forecast to $126 billion for 2010-11.
HP said its revenue from Enterprise Storage and Servers (ESS) reported total revenue of $5.3 billion in the fourth quarter, up 25 per cent from year-earlier.
Besides, the company said its services revenue increased 0.4 per cent to $9 billion in the fourth quarter, while software revenue climbed roughly 1 per cent to $974 million.
Personal Systems Group revenue increased 4 per cent to $10.3 billion in the quarter under review. HP maintained its leading market share position in PCs worldwide, with a two per cent growth in unit shipments.
