PALO ALTO, Calif., May 31, 2022 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
- Second quarter GAAP diluted net earnings per share ("EPS") of $0.94, compared to the previously provided outlook of $0.95 to $1.01 per share
- Second quarter non-GAAP diluted net EPS of $1.08, at the high end of the previously provided outlook of $1.02 to $1.08 per share
- Second quarter net revenue of $16.5 billion, up 3.9% from the prior-year period
- Second quarter net cash provided by operating activities of $0.5 billion, free cash flow of $0.4 billion
- Second quarter returned $1.3 billion to shareholders in the form of share repurchases and dividends
| HP Inc.'s fiscal 2022 second quarter financial performance | ||||||||||||
| Q2 FY22 | Q2 FY21 | Y/Y | ||||||||||
| GAAP net revenue ($B) | $ | 16.5 | $ | 15.9 | 3.9% | |||||||
| GAAP operating margin | 7.8% | 8.6% | (0.8) pts | |||||||||
| GAAP net earnings ($B) | $ | 1.0 | $ | 1.2 | (19)% | |||||||
| GAAP diluted net EPS | $ | 0.94 | $ | 0.98 | (4)% | |||||||
| Non-GAAP operating margin | 8.8% | 9.1% | (0.3) pts | |||||||||
| Non-GAAP net earnings ($B) | $ | 1.2 | $ | 1.2 | (1)% | |||||||
| Non-GAAP diluted net EPS | $ | 1.08 | $ | 0.93 | 16% | |||||||
| Net cash provided by operating activities ($B) | $ | 0.5 | $ | 1.4 | (65)% | |||||||
| Free cash flow ($B) | $ | 0.4 | $ | 1.3 | (74)% | |||||||
