HP Announces First Quarter 2011 Results

February 23, 2011 by | Comments

HP today announced financial results for its first fiscal quarter ended Jan 31 2011, with a net revenue of $32.3 billion, increased by 4% from the prior-year period.

GAAP diluted earnings per share (EPS) was $1.17, up 26% from $0.93 in the prior-year period. Non-GAAP diluted EPS was $1.36, up 27% from $1.07 in the prior-year period. Non-GAAP financial information excludes after-tax costs of approximately $0.19 per share and $0.14 per share in the first quarter of fiscal 2011 and 2010, respectively, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges. Information about HP’s use of non-GAAP financial information is provided under “Use of non-GAAP financial information” below.

Q1 FY11

Q1 FY10

Y/Y

Net revenue ($B) $32.3 $31.2 4%
GAAP operating margin 10.5% 9.6% 0.9 pts
GAAP net earnings ($B) $2.6 $2.3 16%
GAAP diluted EPS $1.17 $0.93 26%
Non-GAAP operating margin 12.4% 11.2% 1.2 pts
Non-GAAP net earnings ($B) $3.0 $2.6 17%
Non-GAAP diluted EPS $1.36 $1.07 27%

.

–(Hewlett-Packard News Releases)–

Enjoyed it? Share it!

Digg facebook delicious live
google linkedin myspace reddit
stumble technorati twitter Yahoo
This page is archived in:

- Feeds - Financial - News 

Tags: hp
Stay Tuned...
RSS
RSS
e-Mail