HP Reports Second Quarter 2008 Results

PALO ALTO, Calif.—(BUSINESS WIRE)—May 20, 2008— HP (NYSE:HPQ) today announced financial results for its second fiscal quarter ended April 30, 2008, with net revenue of $28.3 billion, up 11% from a year earlier and up 5% when adjusted for the effects of currency.

In the second quarter, GAAP operating profit was $2.6 billion and GAAP diluted earnings per share (EPS) was $0.80, up from $0.65 in the prior-year period. Non-GAAP operating profit was $2.8 billion, with non-GAAP diluted EPS of $0.87 up from $0.70 in the prior-year period. Non-GAAP financial information excludes $172 million of adjustments on an after-tax basis, or $0.07 per diluted share, related primarily to amortization of purchased intangibles.

HP turned in another strong quarter, supported by improvement across our businesses. With 70 percent of revenue now coming from outside the U.S., we benefited from robust demand in emerging economies, said Mark Hurd, HP chairman and chief executive officer. The companys financial outlook demonstrates its strength in the global marketplace.

Q2 FY08 Q2 FY07 Y/Y
Net revenue ($B) $ 28.3 $ 25.5 11 %
GAAP operating margin 9.2 % 8.3 % 0.9 pts

GAAP net earnings ($B)

$ 2.1 $ 1.8 16 %
GAAP diluted EPS $ 0.80 $ 0.65 23 %
Non-GAAP operating margin 10.0 % 9.0 % 1.0 pts

Non-GAAP net earnings ($B)

$ 2.2 $ 1.9 16 %
Non-GAAP diluted EPS $ 0.87 $ 0.70 24 %

1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Equipment Engineer, Raxium for Google at Fremont, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Upcoming Events
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise