HP Reports Second Quarter 2010 Results

  • Second quarter net revenue of $30.8 billion, up 13%, or $3.5 billion, from a year earlier
  • Second quarter GAAP operating profit up 25% to $2.9 billion; GAAP diluted earnings per share of $0.91, up 28% from $0.71 a year earlier
  • Second quarter non-GAAP operating profit up 22% to $3.5 billion; non-GAAP diluted earnings per share of $1.09, up 27% from $0.86 a year earlier
  • Broad-based year-over-year growth driven by ESS at 31%, PSG at 21%, and IPG at 8%
  • Delivered 31% year-over-year organic growth in HP Networking
  • Double-digit year-over-year growth across all regions
  • Raises full-year outlook

PALO ALTO, Calif. — (BUSINESS WIRE) — May 18, 2010 — HP (NYSE: HPQ) today announced financial results for its second fiscal quarter ended April 30, 2010, with net revenue of $30.8 billion, up 13% from a year earlier including a favorable currency benefit of four percentage points.

In the second quarter, GAAP diluted earnings per share (EPS) was $0.91, up from $0.71 in the prior-year period. Non-GAAP diluted EPS was $1.09, up from $0.86 in the prior-year period. Non-GAAP financial information excludes after-tax costs of approximately $0.18 per share and $0.15 per share in the second quarter of fiscal 2010 and 2009, respectively, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges.

“HP had an exceptional quarter with strong performance across every region,” said Mark Hurd, HP chairman and chief executive officer. “We’ve built the best portfolio in the industry, and our customers are responding. We’re winning in the marketplace, investing for the future and confident in the enormous opportunity that lies ahead.”

    Q2 FY10   Q2 FY09   Y/Y
Net revenue ($B)   $30.8   $27.4   13%
GAAP operating margin   9.3%   8.4%   0.9 pts
GAAP net earnings ($B)   $2.2   $1.7   28%
GAAP diluted EPS   $0.91   $0.71   28%
Non-GAAP operating margin   11.2%   10.4%   0.8 pts
Non-GAAP net earnings ($B)   $2.6   $2.1   25%
Non-GAAP diluted EPS   $1.09   $0.86   27%

1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article
Downstream : Solutuions for Post processing PCB Designs

True Circuits:

Featured Video
Jobs
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Technical Support Engineer for EDA Careers at Freemont, CA
ASIC FPGA Verification Engineer for General Dynamics Mission Systems at Bloomington, MN
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Upcoming Events
FPGA 2017 at 350 Calle Pincipal, Marriott Hotel Monterey CA - Feb 22 - 24, 2017
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
DownStream: Solutions for Post Processing PCB Designs
Verific: SystemVerilog & VHDL Parsers
TrueCircuits: UltraPLL



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 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