HP Reports Second Quarter 2008 Results

PALO ALTO, Calif.—(BUSINESS WIRE)—May 20, 2008— HP (NYSE:HPQ) today announced financial results for its second fiscal quarter ended April 30, 2008, with net revenue of $28.3 billion, up 11% from a year earlier and up 5% when adjusted for the effects of currency.

In the second quarter, GAAP operating profit was $2.6 billion and GAAP diluted earnings per share (EPS) was $0.80, up from $0.65 in the prior-year period. Non-GAAP operating profit was $2.8 billion, with non-GAAP diluted EPS of $0.87 up from $0.70 in the prior-year period. Non-GAAP financial information excludes $172 million of adjustments on an after-tax basis, or $0.07 per diluted share, related primarily to amortization of purchased intangibles.

HP turned in another strong quarter, supported by improvement across our businesses. With 70 percent of revenue now coming from outside the U.S., we benefited from robust demand in emerging economies, said Mark Hurd, HP chairman and chief executive officer. The companys financial outlook demonstrates its strength in the global marketplace.

Q2 FY08 Q2 FY07 Y/Y
Net revenue ($B) $ 28.3 $ 25.5 11 %
GAAP operating margin 9.2 % 8.3 % 0.9 pts

GAAP net earnings ($B)

$ 2.1 $ 1.8 16 %
GAAP diluted EPS $ 0.80 $ 0.65 23 %
Non-GAAP operating margin 10.0 % 9.0 % 1.0 pts

Non-GAAP net earnings ($B)

$ 2.2 $ 1.9 16 %
Non-GAAP diluted EPS $ 0.87 $ 0.70 24 %

1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Harris

Featured Video
Jobs
Geospatial Systems Administrator for BAE Systems Intelligence & Security at arnold, MO
Senior Mechanical Engineer for BAE Systems Intelligence & Security at Arlington, VA
Avionics System Engineer for BAE Systems Intelligence & Security at Arlington, VA
Geospatial Analyst - Senior for BAE Systems Intelligence & Security at Springfield, VA
Senior Structural Engineer for Wiss,Janney, Estner Assoicates, Inc at houston, TX
Sr Mechanical Design Engineer for Medtronic at mounds view, MN
Upcoming Events
ArcGIS: Introduction at Environmental and Natural Resource Building 14 College Farm Rd New Brunswick NJ - Feb 1 - 22, 2018
International LiDAR Mapping Forum at Hyatt Regency 650 15th Street, Denver CO - Feb 5 - 7, 2018
Automated ISR & Battle Management Summit at Mary M. Gates Learning Center Alexandria VA - Feb 13 - 14, 2018
2018 Los Angeles Geospatial Summit at USC Radisson Hotel 3540 S Figueroa St. Los Angeles CA - Feb 23, 2018
Teledyne Optech
Teledyne:
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise