HP Inc. Reports Fiscal 2020 Second Quarter Results

PALO ALTO, Calif., May 27, 2020 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)

  • Second quarter GAAP diluted net earnings per share ("EPS") of $0.53, above the previously provided outlook of $0.46 to $0.50 per share 
  • Second quarter non-GAAP diluted net EPS of $0.51, within the previously provided outlook of $0.49 to $0.53 per share  
  • Second quarter net revenue of $12.5 billion, down 11.2% from the prior-year period   
  • Second quarter net cash used in operating activities of $(0.5) billion, free cash flow of $(0.6) billion  
  • Second quarter returned $0.4 billion to shareholders in the form of share repurchases and dividends
HP Inc. fiscal 2020 second quarter financial performance 
  Q2 FY20 Q2 FY19 Y/Y 
GAAP net revenue ($B) $12.5  $14.0  (11.2)% 
GAAP operating margin  6.6%   6.6%  -  
GAAP net earnings ($B) $0.8  $0.8  (2.3)% 
GAAP diluted net EPS $0.53  $0.51  3.9% 
Non-GAAP operating margin  7.5%   7.4%  0.1 pts 
Non-GAAP net earnings ($B) $0.7  $0.8  (9.7)% 
Non-GAAP diluted net EPS $0.51  $0.53  (3.8)% 
Net cash (used in) provided by operating activities ($B) $(0.5) $0.9  NM 
Free cash flow ($B) $(0.6)   $ 0.7     NM  

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