- Second quarter non-GAAP diluted earnings per share of $0.98, above previously provided outlook of $0.88 to $0.91 per share
- Second quarter GAAP diluted earnings per share of $0.80, above previously provided outlook of $0.68 to $0.71 per share
- Second quarter net revenue of $30.7 billion, down 3% from the prior-year period
- Returned $601 million in cash to shareholders in the form of dividends and share repurchases
- Company announces multi-year restructuring to fuel innovation and enable investment – see separate press release for details
HP today announced financial results for its second fiscal quarter ended April 30, 2012. For the quarter, net revenue of $30.7 billion was down 3% year over year both as reported and when adjusted for the effects of currency.
GAAP diluted earnings per share (EPS) was $0.80, down 24% from the prior-year period. Non-GAAP diluted EPS was $0.98, down 21% from the prior-year period. Second quarter non-GAAP earnings information excludes after-tax costs of $356 million, or $0.18 per diluted share, related to amortization of purchased intangible assets, restructuring charges and acquisition-related charges.
The complete news release is available at http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1699267&highlight=.
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