- Second quarter non-GAAP diluted net earnings per share from continuing operations of $0.41 -- above the previously provided outlook of $0.35 to $0.40 per share
- Second quarter GAAP diluted net earnings per share from continuing operations of $0.38 -- within the previously provided outlook of $0.33 to $0.38 per share
- Second quarter net cash provided by operating activities of $1.6 billion
- Second quarter net revenue of $11.6 billion, down 11% (down 5% in constant currency) from the prior-year period
- Second quarter returned $518 million to shareholders in the form of share repurchases and dividends
HP Inc.'s fiscal 2016 second quarter financial performance
Q2 Q2 FY16 FY15 Y/Y GAAP net revenue ($B) $11.6 $13.0 (11%) GAAP operating margin from continuing operations 7.3% 7.7% (0.4 pts) GAAP net earnings from continuing operations ($B) $0.66 $0.73 (10%) GAAP diluted net earnings per share from continuing operations $0.38 $0.40 (5%) Non-GAAP operating margin from continuing operations 7.8% 7.5% 0.3 pts Non-GAAP net earnings from continuing operations ($B) $0.70 $0.72 (3%) Non-GAAP diluted net earnings per share from continuing operations $0.41 $0.39 5% Net cash provided by operating activities ($B)(1) $1.6 $1.5 8%
Notes to table
Information about HP Inc.'s use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below.
(1) The consolidated condensed statement of cash flows for the three months ended April 30, 2015 represents the combined cash flows of Hewlett- Packard Company prior to separation, as previously filed, and has not been adjusted to reflect the effect of the separation of Hewlett Packard Enterprise Company.
Revenue and EPS results
HP Inc. (HP) announced second quarter net revenue of $11.6 billion, down 11% (down 5% in constant currency) from the prior-year period.
Second quarter GAAP diluted net earnings per share (EPS) from continuing operations was $0.38, down from $0.40 in the prior-year period and within the previously provided outlook of $0.33 to $0.38. Second quarter non-GAAP diluted net EPS from continuing operations was $0.41, up from $0.39 in the prior-year period and above its previously provided outlook of $0.35 to $0.40. Second quarter non-GAAP net earnings from continuing operations and non-GAAP diluted net EPS from continuing operations include after-tax adjustments of $42 million, or $0.03 per share, related to restructuring charges, the amortization of intangible assets, non-operating retirement-related credits, and tax indemnification amounts.