HP Reports Second Quarter 2007 Results

               HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
     ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS,
               OPERATING MARGIN AND EARNINGS PER SHARE
                             (Unaudited)
                (In millions except per share amounts)


                   Three            Three             Three
                  months            months            months
                   ended  Diluted   ended   Diluted   ended   Diluted
                   April  Earnings January  Earnings  April   Earnings
                    30,     Per      31,      Per       30,     Per
                   2007    Share     2007    Share     2006    Share
                  ---------------- ----------------- -----------------

GAAP net earnings $1,775    $0.65   $1,547    $0.55   $1,899    $0.66

Non-GAAP
 adjustments:
  Amortization of
   purchased
   intangible
   assets            212     0.08      201     0.07      151     0.05
  In-process
   research and
   development
   charges            19     0.01      167     0.06        2        -
  Restructuring      453     0.16      (41)   (0.02)     (14)   (0.01)
  Pension
   curtailments
   and pension
   settlements,
   net              (508)   (0.19)      (9)       -        -        -
  Gains on
   investments(a)      -        -        -        -       (6)       -
  Adjustments for
   taxes             (31)   (0.01)     (39)   (0.01)     (36)   (0.01)
                  ------- -------- -------- -------- -------- --------

Non-GAAP net
 earnings         $1,920    $0.70   $1,826    $0.65   $1,996    $0.69
                  ======= ======== ======== ======== ======== ========


GAAP earnings
 from operations  $2,128            $1,843            $1,657

Non-GAAP
 adjustments:
  Amortization of
   purchased
   intangible
   assets            212               201               151
  In-process
   research and
   development
   charges            19               167                 2
  Restructuring      453               (41)              (14)
  Pension
   curtailments
   and pension
   settlements,
   net              (508)               (9)                -
                  -------          --------          --------

Non-GAAP earnings
 from operations  $2,304            $2,161            $1,796
                  =======          ========          ========

GAAP operating
 margin                8%                7%                7%
Non-GAAP
 adjustments           1%                2%                1%
                  -------          --------          --------

Non-GAAP
 operating margin      9%                9%                8%
                  =======          ========          ========


(a) Beginning in fiscal 2007, HP no longer excludes gains or losses on
 investments when calculating financial measures presented on a non-
 GAAP basis.

               HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
     ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS,
               OPERATING MARGIN AND EARNINGS PER SHARE
                             (Unaudited)
                (In millions except per share amounts)

                              Six months  Diluted  Six months Diluted
                                ended    Earnings      ended        Earnings
                                                            April  30,          Per        April  30,        Per
                                                                  2007            Share            2006          Share
                                                            --------------------  -------------------

GAAP  net  earnings                                $3,322          $1.20          $3,126        $1.08

Non-GAAP  adjustments:
          Amortization  of
            purchased  intangible
            assets                                                413            0.15                298          0.10
          In-process  research  and
            development  charges                      186            0.07                  52          0.02
          Restructuring                                    412            0.15                    1                -
          Pension  curtailments  and
            pension  settlements,
            net                                                    (517)        (0.19)                  -                -
          Gains  on  investments(a)                    -                  -                  (4)              -
          Adjustments  for  taxes                    (70)        (0.02)              (84)      (0.03)
                                                            ----------  ---------  ----------  --------

Non-GAAP  net  earnings                        $3,746          $1.36          $3,389        $1.17
                                                            ==========  =========  ==========  ========


GAAP  earnings  from  operations        $3,971                              $3,149

Non-GAAP  adjustments:
          Amortization  of
            purchased  intangible
            assets                                                413                                    298
          In-process  research  and
            development  charges                      186                                      52
          Restructuring                                    412                                        1
          Pension  curtailments  and
            pension  settlements,
            net                                                    (517)                                      -
                                                            ----------                      ----------

Non-GAAP  earnings  from
  operations                                            $4,465                              $3,500
                                                            ==========                      ==========

GAAP  operating  margin                                  8%                                      7%
Non-GAAP  adjustments                                    1%                                      1%
                                                            ----------                      ----------

Non-GAAP  operating  margin                          9%                                      8%
                                                            ==========                      ==========


(a)  Beginning  in  fiscal  2007,  HP  no  longer  excludes  gains  or  losses  on
  investments  when  calculating  financial  measures  presented  on  a  non-
  GAAP  basis.
 


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
Electronics Component Engineer for Lockheed Martin at Huntsville, Alabama
Senior RF Design Engineer for Lockheed Martin at Chelmsford, Massachusetts
Hardware Design Engineer for FlexRadio at Austin, Texas
Upcoming Events
Embedded Systems Conference (ESC) Silicon Valley at San Jose Convention Center San Jose CA - Aug 27 - 29, 2019
MEMS & Imaging Sensors Summit at World Trade Center Grenoble France - Sep 25 - 27, 2019
Embedded Systems Week (ESWEEK) at New York City NY - Oct 13 - 18, 2019



Internet Business Systems © 2019 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 PolicyAdvertise