HP Inc. Reports Fiscal 2021 First Quarter Results

PALO ALTO, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) --

  • First quarter GAAP diluted net earnings per share ("EPS") of $0.83, above the previously provided outlook of $0.58 to $0.64 per share
  • First quarter non-GAAP diluted net EPS of $0.92, above the previously provided outlook of $0.64 to $0.70 per share
  • First quarter net revenue of $15.6 billion, up 7.0% from the prior-year period
  • First quarter net cash provided by operating activities of $1.0 billion, free cash flow of $0.9 billion
  • First quarter returned $1.6 billion to shareholders in the form of share repurchases and dividends
 HP Inc.'s fiscal 2021 first quarter financial performance
  Q1 FY21 Q1 FY20 Y/Y
GAAP net revenue ($B)$15.6 $14.6 7.0%
GAAP operating margin 8.4%  5.9% 2.5 pts
GAAP net earnings ($B)$1.1 $0.7 58%
GAAP diluted net EPS$0.83 $0.46 80%
Non-GAAP operating margin 9.4%  8.1% 1.3 pts
Non-GAAP net earnings ($B)$1.2 $1.0 24%
Non-GAAP diluted net EPS$0.92 $0.65 42%
Net cash provided by operating activities ($B)$1.0 $1.3 (20)%
Free cash flow ($B)$0.9 $1.1 (19)%

Notes to table

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