CIMdata PLM Industry Summary Online Archive
22 May 2013
Financial News
HP Reports Second Quarter 2013 Results
Highlights:
- Second quarter non-GAAP diluted earnings per share of $0.87, down 11% from the prior year, above previously provided outlook of $0.80 to $0.82 per share
- Second quarter GAAP diluted earnings per share of $0.55, down 31% from the prior year, above previously provided outlook of $0.38 to $0.40 per share
- Second quarter net revenue of $27.6 billion, down 10% from the prior year and down 9% when adjusted for the effects of currency
- Cash flow from operations of $3.6 billion, up 44% from the prior year
- Returned $1.1 billion in cash to shareholders in the form of dividends and share repurchases
- Improved operating company net debt position by $1.8 billion, the fifth consecutive quarterly reduction of over $1 billion
- Declared a regular quarterly cash dividend of 14.52 cents per share on the company’s common stock
HP announced financial results for its second fiscal quarter ended April 30, 2013. Second quarter GAAP diluted earnings per share (EPS) was $0.55, down from $0.80 in the prior-year period and above its previously provided outlook of $0.38 to $0.40 per share. Second quarter non-GAAP diluted EPS was $0.87, down from $0.98 in the prior-year period and above its previously provided outlook of $0.80 to $0.82 per share. Second quarter non-GAAP earnings information excludes after-tax costs of $621 million, or $0.32 per diluted share, related to restructuring charges, amortization of purchased intangible assets and acquisition-related charges.
For the second quarter, net revenue of $27.6 billion was down 10% year over year and down 9% when adjusted for the effects of currency.
The complete news release is available at: http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1823434&highlight=.
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