HP Reports First Quarter 2009 Results

PALO ALTO, Calif.—(BUSINESS WIRE)—February 18, 2009— HP (NYSE:HPQ) today announced financial results for its first fiscal quarter ended Jan. 31, 2009, with net revenue of $28.8 billion, up 1% from a year earlier and up 4% when adjusted for the effects of currency.

In the first quarter, GAAP operating profit was $2.5 billion and GAAP diluted earnings per share (EPS) was $0.75, down from $0.80 in the prior-year period. Non-GAAP operating profit was $3.1 billion, with non-GAAP diluted EPS of $0.93, up from $0.86 in the prior-year period. Non-GAAP financial information excludes $431 million of adjustments on an after-tax basis, or $0.18 per diluted share, related primarily to amortization of purchased intangible assets, restructuring charges and acquisition-related charges. GAAP and Non-GAAP diluted EPS include $0.03 of charges related to currency hedging losses.

“HP is a market leader executing well in a tough market,” said Mark Hurd, HP chairman and chief executive officer. “Our market strength, disciplined cost management and diverse portfolio allowed us to differentiate HP in the global marketplace and gain share in key markets.”

   

Q1 FY09

 

Q1 FY08

 

Y/ Y

Net revenue($B)

$ 28.8     $ 28.5     1 %
GAAP operating margin   8.7 %     9.2 %   (0.5 pts)

GAAP net earnings($B)

$ 1.9     $ 2.1     -13 %
GAAP diluted EPS $ 0.75     $ 0.80     -6 %
Non-GAAP operating margin   10.8 %     9.9 %   0.9 pts

Non-GAAP net earnings($B)

$ 2.3     $ 2.3     0 %
Non-GAAP diluted EPS $ 0.93     $ 0.86     8 %

1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article
Trimble

Harris

Featured Video
Jobs
SYSTEMS INTEGRATOR for Palm Beach County Human Resources at West Palm Beach, FL
Developer-Support-Implementation Engineer for EDA Careers at San Francisco Area, CA
Solidworks Product Designer for NASCENT Technology at Charlotte, NC
CAD/CAM Regional Account Manager (Pacific Northwest) for Vero Software Inc. at Seattle, WA
Upcoming Events
Symposium: The use of drones in agriculture and management of resources and development plans at 112 RUE RADHIA HADDAD TUNIS TUNIS Tunisia - Apr 26 - 28, 2017
8th International Summer School on Applied Geoinformatics for Society and Environment: Crisis and Disaster Management at University of Tehran, Kish International Campus Kish Island Iran - Apr 29 - 4, 2017
UGIC CONFERENCE 2017 at Park City Utah - May 8 - 12, 2017
Teledyne Optech
Teledyne:
InterDrone2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy