HP Reports Fourth Quarter and Fiscal 2013 Results

PALO ALTO, CA -- (Marketwired) -- Nov 26, 2013 -- HP (NYSE: HPQ)

  • Fourth quarter non-GAAP diluted net earnings per share of $1.01, down 13% from the prior-year period
  • Fourth quarter GAAP diluted net earnings per share of $0.73, up from GAAP diluted net loss per share of $3.49 in the prior-year period
  • Fourth quarter net revenue of $29.1 billion, down 3% from the prior-year period and down 1% when adjusted for the effects of currency
  • Fourth quarter cash flow from operations of $2.8 billion, down 31% from the prior-year period
  • Returned $763 million to shareholders in the form of dividends and share repurchases in the fourth quarter
  • Improved operating company net debt position by $1.3 billion to an operating company net cash position in the fourth quarter, the seventh consecutive quarterly improvement of over $1 billion
  • Fiscal 2013 non-GAAP diluted net earnings per share of $3.56, within the previously provided outlook of $3.53 to $3.57
  • Fiscal 2013 GAAP diluted net earnings per share of $2.62, below the previously provided outlook of $2.67 to $2.71
  • Fiscal 2013 net revenue of $112.3 billion, down 7% from the prior year and down 5% when adjusted for the effects of currency

HP fourth quarter and fiscal 2013 financial performance

                                                                            
                     Q4      Q4                                             
                    FY13    FY12       Y/Y       FY13    FY12       Y/Y     
GAAP net revenue                                                            
 ($B)              $ 29.1  $ 30.0          (3%) $112.3  $120.4          (7%)
GAAP operating                                                              
 margin               6.6%  (21.7%) 28.3 pts.      6.4%   (9.2%) 15.6 pts.  
GAAP net earnings                                                           
 (loss) ($B)       $  1.4  $ (6.9)              $  5.1  $(12.7)             
GAAP diluted net                                                            
 earnings (loss)                                                            
 per share         $ 0.73  $(3.49)              $ 2.62  $(6.41)             
Non-GAAP operating                                                          
 margin               9.0%   10.4%  (1.4 pts.)     8.5%    9.3%  (0.8 pts.) 
Non-GAAP net                                                                
 earnings ($B)     $  2.0  $  2.3         (14%) $  6.9  $  8.0         (14%)
Non-GAAP diluted                                                            
 net earnings per                                                           
 share             $ 1.01  $ 1.16         (13%) $ 3.56  $ 4.05         (12%)
Cash flow from                                                              
 operations ($B)   $  2.8  $  4.1         (31%) $ 11.6  $ 10.6          10% 
                                                                            
                                                                                                                                
 

1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
DDR 3-4-5 Developer with VIP for EDA Careers at San Jose, CA
Senior Methodology Automation Engineer for EDA Careers at San Jose, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
11th International Conference on Verification and Evaluation of Computer and Communication Systems at 1455 DeMaisonneuve W. EV05.139 Montreal Quebec Canada - Aug 24 - 25, 2017
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 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 TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy