HP Reports Third Quarter 2009 Results

  • Net revenue of $27.5 billion, down 2% from the prior year and up 4% in constant currency
  • GAAP operating profit down 14% to $2.2 billion; GAAP earnings per share $0.67, down from $0.80 a year earlier
  • Non-GAAP operating profit up 8% to $3.0 billion; non-GAAP earnings per share $0.91, up from $0.86 a year earlier
  • Cash flow from operations of $3.9 billion, up 15% from the prior year
  • Record Services profit of $1.3 billion

PALO ALTO, Calif. — (BUSINESS WIRE) — August 18, 2009 HP (NYSE: HPQ) today announced financial results for its third fiscal quarter ended July 31, 2009, with net revenue of $27.5 billion, down 2% from a year earlier and up 4% when adjusted for the effects of currency.

In the third quarter, GAAP operating profit was $2.2 billion and GAAP diluted earnings per share (EPS) was $0.67, down from $0.80 in the prior-year period. Non-GAAP operating profit was $3.0 billion, with non-GAAP diluted EPS of $0.91, up from $0.86 in the prior-year period. Non-GAAP financial information excludes $568 million of adjustments on an after-tax basis, or $0.24 per diluted share, related primarily to amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

“HP’s performance this quarter is a result of our strong business portfolio, efficient cost structure and scale. We made positive gains in extending our market leadership in key segments and strengthening our competitive position,” said Mark Hurd, HP chairman and chief executive officer. “Business is stabilizing, and we are confident that HP will be an early beneficiary of an economic turnaround and will continue to outperform when conditions improve.”

     
    Q3 FY09   Q3 FY08   Y/Y
Net revenue ($B)   $ 27.5     $ 28.0     -2 %
GAAP operating margin     7.9 %     9.0 %   (1.1 pts)

GAAP net earnings ($B)

  $ 1.6     $ 2.0     -19 %
GAAP diluted EPS   $ 0.67     $ 0.80     -16 %
Non-GAAP operating margin     10.8 %     9.8 %   1.0 pts

Non-GAAP net earnings ($B)

  $ 2.2     $ 2.2     1 %
Non-GAAP diluted EPS   $ 0.91     $ 0.86     6 %
 

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
Solidworks Product Designer for NASCENT Technology at Charlotte, NC
Developer-Support-Implementation Engineer for EDA Careers at San Francisco Area, CA
CAD/CAM Regional Account Manager (Pacific Northwest) for Vero Software Inc. at Seattle, WA
Upcoming Events
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
C4ISR Summit 2017 at Armed Forces Officers Club Abu Dhabi United Arab Emirates - May 9 - 10, 2017
8th Electronic Materials and Processes for Space (EMPS) Workshop at Noordwijk Netherlands - May 10 - 12, 2017
Teledyne:
xponential2017
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