HP Inc. Reports Fiscal 2019 First Quarter Results


 
HP INC. AND SUBSIDIARIES
SEGMENT OPERATING MARGIN SUMMARY
(Unaudited)
 
  Three months ended  Change in Operating Margin (pts)
  January 31,
2019
  October 31,
2018
  January 31,
2018
  Q/Q  Y/Y
Segment operating margin:(a)         
Personal Systems4.2% 3.7% 3.5% 0.5pts 0.7pts
Printing16.2% 16.0% 15.7% 0.2pts 0.5pts
Corporate Investments(b)NM NM NM NM NM
Total segments8.2% 7.8% 7.7% 0.4pts 0.5pts
 
(a) Effective at the beginning of its first quarter of fiscal year 2019, HP implemented an organizational change to align its business unit financial reporting more closely with its current business structure. The organizational change resulted in the transfer of certain Samsung-branded product categories from Commercial to Consumer within the Printing segment. HP reflected this change to its business unit information in prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from operations, net earnings or net EPS.
 
(b) "NM" represents not meaningful.
 


 
HP INC. AND SUBSIDIARIES
CALCULATION OF DILUTED NET EARNINGS PER SHARE
(Unaudited)
(In millions, except per share amounts)
 
  Three months ended
  January 31,
2019
  October 31,
2018
  January 31,
2018
Numerator:     
GAAP net earnings$803 $1,451 $1,938
Non-GAAP net earnings$809 $865 $803
      
Denominator:     
Weighted-average shares used to compute basic net earnings per share1,556 1,578 1,650
Dilutive effect of employee stock plans(a)11 20 19
Weighted-average shares used to compute diluted net earnings per share1,567 1,598 1,669
      
GAAP diluted net earnings per share$0.51 $0.91 $1.16
Non-GAAP diluted net earnings per share$0.52 $0.54 $0.48
 
(a) Includes any dilutive effect of restricted stock units, stock options and performance-based awards.
 


 
HP INC. AND SUBSIDIARIES
FISCAL 2018 SEGMENT / BUSINESS UNIT INFORMATION (Revised) 
(Unaudited) 
(In millions)
 
  REVISED AMOUNTS   AMOUNTS AS PREVIOUSLY REPORTED   CHANGE
  Three months ended   Twelve
months
ended
  Three months ended   Twelve
months
ended
   Three months ended    Twelve
months
ended
  Jan 31,
2018
  Apr 30,
2018
  July 31,
2018
  Oct 31,
2018
  Oct 31,
2018
  Jan 31,
2018
  Apr 30,
2018
  July 31,
2018
  Oct 31,
2018
  Oct 31,
2018
  Jan 31,
2018
  Apr 30,
2018
  July 31,
2018
  Oct 31,
2018
  Oct 31,
2018
Net revenue: (a)                                                                                                      
Personal Systems                                                                                                      
  Notebooks $ 5,595   $ 5,153     $ 5,634   $ 6,165   $ 22,547   $ 5,595   $ 5,153     $ 5,634   $ 6,165   $ 22,547   $     $     $     $     $  
Desktops 2,955   2,752     2,869   2,991   11,567   2,955   2,752     2,869   2,991   11,567                    
Workstations 543   538     588   577   2,246   543   538     588   577   2,246                    
Other 347   319     304   331   1,301   347   319     304   331   1,301                    
Total Personal Systems 9,440   8,762     9,395   10,064   37,661   9,440   8,762     9,395   10,064   37,661                    
Printing                                                          
Supplies 3,351   3,434     3,405   3,385   13,575   3,351   3,434     3,405   3,385   13,575                    
Commercial Hardware 1,037   1,145     1,129   1,203   4,514   1,070   1,186     1,170   1,248   4,674   (33 )   (41 )   (41 )   (45 )   (160 )
Consumer Hardware 688   662     654   712   2,716   655   621     613   667   2,556   33     41     41     45     160  
Total Printing 5,076   5,241     5,188   5,300   20,805   5,076   5,241     5,188   5,300   20,805                    
Corporate Investments 1   1     1   2   5   1   1     1   2   5                    
Total segments 14,517   14,004     14,584   15,366   58,471   14,517   14,004     14,584   15,366   58,471                    
Other   (1 )   2     1     (1 )   2     1                    
Total net revenue $ 14,517   $ 14,003     $ 14,586   $ 15,366   $ 58,472   $ 14,517   $ 14,003     $ 14,586   $ 15,366   $ 58,472   $     $     $     $     $  
 
(a) Effective at the beginning of its first quarter of fiscal year 2019, HP implemented an organizational change to align its business unit financial reporting more closely with its current business structure. The organizational change resulted in the transfer of certain Samsung-branded product categories from Commercial to Consumer within the Printing segment. HP reflected this change to its business unit information in prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from operations, net earnings or net EPS.
 

 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »
Featured Video
Jobs
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise