HP Reports Fiscal 2015 Second Quarter Results

                                                                            
                  HEWLETT-PACKARD COMPANY AND SUBSIDIARIES                  
                CALCULATION OF DILUTED NET EARNINGS PER SHARE               
                                 (Unaudited)                                
                   (In millions, except per share amounts)                  
                                                                            
                                                        Six months ended    
                                                            April 30,       
                                                     -----------------------
                                                         2015        2014   
                                                     ----------- -----------
                                                                            
Numerator:                                                                  
  GAAP net earnings                                  $     2,377 $     2,698
                                                     =========== ===========
  Non-GAAP net earnings                              $     3,301 $     3,433
                                                     =========== ===========
                                                                            
Denominator:                                                                
  Weighted-average shares outstanding during the                            
   reporting period                                        1,824       1,898
  Dilutive effect of employee stock plans(a)                  24          24
                                                     ----------- -----------
    Weighted-average shares used to compute diluted                         
     net earnings per share                                1,848       1,922
                                                     =========== ===========
                                                                                        
GAAP  diluted  net  earnings  per  share                                    $            1.29  $            1.40
                                                                                                          ===========  ===========
Non-GAAP  diluted  net  earnings  per  share                            $            1.79  $            1.79
                                                                                                          ===========  ===========
                                                                                                                                                        
(a)    Includes  any  dilutive  effect  of  restricted  stock  units,  restricted          
          stock,  stock  options  and  performance-based  restricted  stock  units.          
                                                                                                                                                        
 

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