HP Reports First Quarter 2013 Results
HP Reports First Quarter 2013 Results
PALO ALTO, CA -- (MARKETWIRE) -- 02/21/13 -- HP (NYSE: HPQ)
First quarter non-GAAP diluted earnings per share of $0.82, down 11% from the prior year, above previously provided outlook of $0.68 to $0.71
First quarter GAAP diluted earnings per share of $0.63, down 14% from the prior year, above previously provided outlook of $0.34 to $0.37 per share
First quarter net revenue of $28.4 billion, down 6% year over year and down 4% when adjusted for the effects of currency
Cash flow from operations of $2.6 billion, up 115% from the prior year
Returned $511 million in cash to shareholders in the form of dividends and share repurchases
Improved company net debt position for the fourth consecutive quarter by over $1 billion
Financial Overview
Slides