Tuesday, July 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Qualcomm Enables Wireless Charging for Mobile Devices with Metal Cases
New Memory Memory Chip Is 1,000 Times Faster Than Flash
Motorola Unveils New Moto G, Moto X Play and Moto X Style Android Phones
Hackers Could Break Into Your Android Smartphone With A Simple MMS
Google Relases New Consent Policy in European Union
Samsung To Showcase New Galaxy Phablet on August 13 Event
OnePlus 2 Smarphone Is An Affordable, High-End Flagship
Google Announces Changes To Google Plus
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > HP's 2Q...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 22, 2013
HP's 2Q Earnings Down Again


Hewlett-Packard's earnings keep dipping as the world's largest personal computer maker scrambles to meet the demand for more affordable mobile devices.

According to the company's quarterly earnings report released Wednesday, for the second quarter, net revenue of $27.6 billion was down 10% year over year and down 9% when adjusted for the effects of currency.

"We beat the upper end of our non-GAAP diluted EPS outlook for the quarter by $0.05 per share, driven by better than expected performance in Enterprise Services and Printing, coupled with the accelerated capture of restructuring savings and improvement in our operations," said Meg Whitman, HP president and chief executive officer.

"I am encouraged by our performance in the second quarter, and I feel good about the rest of the year," added Whitman. "As I have said many times before, this is a multi-year journey. We have a long way to go, but we are on track to deliver on our fiscal 2013 non-GAAP diluted earnings per share outlook."

For the third quarter of fiscal 2013, HP estimates non-GAAP diluted EPS to be in the range of $0.84 to $0.87 and GAAP diluted EPS to be in the range of $0.56 to $0.59. Third quarter fiscal 2013 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.28 per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

For the full year fiscal 2013, HP estimates non-GAAP diluted EPS to be in the range of $3.50 to $3.60 and GAAP diluted EPS to be in the range of $2.50 to $2.60, in line with HP's previously communicated outlook. Full year fiscal 2013 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $1.00 per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

HP earned $1.1 billion, or 55 cents per share, during its most recently completed quarter.

If not for certain items unrelated to its ongoing business, the company said it would have earned 87 cents per share in its fiscal second quarter.

HP's revenue totaled $27.6 billion.

HP is added to the list of the companies which were slow to respond to the shift and then stumbled trying to catch up with Apple and other manufacturers such as Samsung Electronics that make devices running Google's Android operating system.

HP is now selling tablets running on Android and a recently introduced version of Windows, but it hasn't re-entered the smartphone market yet.

The company's revenue in the PC division that sells PCs fell 20 percent in the latest quarter.

Printers are also falling as services reduce the need for information on paper.


Previous
Next
Twitter Now More Secure With Login Verification Service        All News        The ASUS Transformer Book TX300 Now Available
Twitter Now More Secure With Login Verification Service     General Computing News      Clearwire's Board of Directors Approves Offer From Sprint

Get RSS feed Easy Print E-Mail this Message

Related News
HP to Deliver hardware, solutions and services to support Windows 10
HP and Intel Outline Their HPC Plans
Hewlett-Packard Officially Files to Split
HP Launches New Pavilion Detachable PC and ENVY Notebooks
HP Sprout Enables Full 3D Scanning
HP Settles With Autonomy
HP's Futuristic 'Machine' Computer To Reach Software Developers Next Year
HP Reports Mixed Q2 Results
HP Partners With Chinese Tsinghua
HP Revamps Its Desktop PC Offerings, Releases New 4K Display
HP Launches Back to School PCs With Fresh Designs
HP and FireEye Announce Alliance for Incident Response and Threat Services

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .