- First quarter non-GAAP diluted earnings per share of $0.92, down 32% from the prior-year period and above previously provided outlook of $0.83 to $0.86 per share
- First quarter GAAP diluted earnings per share of $0.73, down 38% from the prior-year period and above previously provided outlook of $0.61 to $0.64 per share
- First quarter net revenue of $30.0 billion, down 7% from the prior-year period
- Returned $1.0 billion in cash to shareholders in the form of dividends and share repurchases
PALO ALTO, Calif. -- HP today announced financial results for its first fiscal quarter ended January 31, 2012. For the quarter, net revenue of $30.0 billion was down 7% from the prior-year period, and down 8% when adjusted for the effects of currency.
GAAP diluted EPS was $0.73, down 38% from the prior-year period. Non-GAAP diluted EPS was $0.92, down 32% from the prior-year period. First quarter non-GAAP earnings information excludes after-tax costs of $364 million, or $0.19 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=1664041&highlight=.
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