PALO ALTO, Calif., Feb. 28, 2022 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
● | First quarter GAAP diluted net earnings per share ("EPS") of $0.99, above the previously provided outlook of | |||||||||||
$0.92 to $0.98 per share | ||||||||||||
● | First quarter non-GAAP diluted net EPS of $1.10, above the previously provided outlook of $0.99 to $1.05 | |||||||||||
per share | ||||||||||||
● | First quarter net revenue of $17.0 billion, up 8.8% from the prior-year period | |||||||||||
● | First quarter net cash provided by operating activities of $1.7 billion, free cash flow of $1.4 billion | |||||||||||
● | First quarter returned $1.8 billion to shareholders in the form of share repurchases and dividends | |||||||||||
HP Inc.'s fiscal 2022 first quarter financial performance | ||||||||||||
Q1 FY22 | Q1 FY21 | Y/Y | ||||||||||
GAAP net revenue ($B) | $ | 17.0 | $ | 15.6 | 8.8% | |||||||
GAAP operating margin | 8.0% | 8.4% | (0.4) pts | |||||||||
GAAP net earnings ($B) | $ | 1.1 | $ | 1.1 | 2% | |||||||
GAAP diluted net EPS | $ | 0.99 | $ | 0.83 | 19% | |||||||
Non-GAAP operating margin | 8.8% | 9.4% | (0.6) pts | |||||||||
Non-GAAP net earnings ($B) | $ | 1.2 | $ | 1.2 | 1% | |||||||
Non-GAAP diluted net EPS | $ | 1.10 | $ | 0.92 | 20% | |||||||
Net cash provided by operating activities ($B) | $ | 1.7 | $ | 1.0 | 62% | |||||||
Free cash flow ($B) | $ | 1.4 | $ | 0.9 | 55% |