HP Inc. Reports Fiscal 2017 Full-Year and Fourth Quarter Results

PALO ALTO, Calif., Nov. 21, 2017 (GLOBE NEWSWIRE) -- HP (NYSE:HPQ)

Fiscal 2017 GAAP diluted net earnings per share from continuing operations of $1.48, within the previously provided outlook of $1.46 to $1.50 per share
Fiscal 2017 non-GAAP diluted net earnings per share of $1.65, within the previously provided outlook of $1.63 to $1.66 per share
Fiscal 2017 net revenue of $52.1 billion, up 8% (up 9% in constant currency) from the prior-year period
Fiscal 2017 net cash provided by operating activities of $3.7 billion
Fiscal 2017 returned $2.3 billion to shareholders in the form of share repurchases and dividends
Fourth quarter GAAP diluted net earnings per share from continuing operations of $0.39, within the previously provided outlook of $0.37 to $0.41 per share
Fourth quarter non-GAAP diluted net earnings per share of $0.44, within the previously provided outlook of $0.42 to $0.45 per share
Fourth quarter net revenue of $13.9 billion, up 11% (up 12% in constant currency) from the prior-year period
Fourth quarter net cash provided by operating activities of $0.7 billion
Fourth quarter returned $722 million to shareholders in the form of share repurchases and dividends


 
HP Inc.'s fiscal 2017 full-year and fourth quarter financial performance
  FY17    FY16   Y/Y   Q4 FY17    Q4 FY16   Y/Y 
GAAP net revenue ($B)$52.1  $48.2  8%  $13.9  $12.5  11% 
GAAP operating margin from continuing operations 6.8%    7.4%   (0.6) pts   6.4%    5.3%   1.1 pts 
GAAP net earnings from continuing operations ($B)$2.5  $2.7  (5)%  $0.7  $0.5  29% 
GAAP diluted net earnings per share from continuing operations$1.48  $1.53  (3)%  $0.39  $0.30  30% 
Non-GAAP operating margin 7.4%    7.9%   (0.5) pts   7.3%    7.0%   0.3 pts 
Non-GAAP net earnings ($B)$2.8  $2.8  1%  $0.7  $0.6  22% 
Non-GAAP diluted net earnings per share $ 1.65     $ 1.60     3%     $ 0.44     $ 0.36     22%  
Net cash provided by operating activities ($B) $ 3.7     $ 3.3     13%     $ 0.7     $ 0.7     (3)%  
                                           

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