SECURITY: HPQ (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Indice: DJIA
HP delivers vital technology
for business and life. The company's solutions span IT infrastructure,
personal computing and access devices, global services and imaging and
printing for consumers, enterprises and small and medium business. For
the last four quarters, HP revenue totaled $70.4 billion
Issu de la fusion entre
Hewlett-Packard (n°1 mondial des imprimantes et n°3 des PC) et
Compaq (n°2 mondial des PC) en 2002, le nouveau groupe est le leader
mondial des PC, imprimantes et serveurs. L'ensemble des produits, services
et solutions sera commercialisé sous la marque Hewlett-Packard,
excepté les PC et ordinateurs portables grand public qui porteront
la marque Compaq
http://www.hp.com
HP
Announces Preliminary Second Quarter Results; Raises Full Year Earnings,
Revenue Outlook
PALO
ALTO, Calif., May 13, 2008
HP
today announced preliminary results for the second fiscal quarter 2008,
with revenue of $28.3 billion compared with $25.5 billion one year ago.
In
the second quarter, preliminary GAAP diluted earnings per share (EPS) were
$0.80 and non-GAAP diluted EPS were $0.87, compared with second quarter
fiscal 2007 GAAP diluted EPS of $0.65 and non-GAAP diluted EPS of $0.70.
Non-GAAP diluted EPS estimates exclude after-tax costs related primarily
to the amortization of purchased intangible assets of approximately $0.07
per share and $0.05 per share in the second quarter of fiscal 2008 and
fiscal 2007, respectively.
The
second quarter results were highlighted by solid performance across HP's
business segments and strong cash flow from operations.
For
the third fiscal quarter of 2008, HP estimates revenue of approximately
$27.3 billion to $27.4 billion, GAAP diluted EPS in the range of $0.76
to $0.77, and non-GAAP diluted EPS in the range of $0.82 to $0.83. Non-GAAP
diluted EPS guidance excludes after-tax costs of approximately $0.06 per
share, related primarily to the amortization of purchased intangible assets.
HP
estimates full-year FY08 revenue will be approximately $114.2 billion to
$114.4 billion, up from its previous estimate of $113.5 billion to $114
billion. FY08 GAAP diluted EPS is expected to be in the range of $3.30
to $3.34, up from its previous estimate of $3.26 to $3.30, and FY08 non-GAAP
diluted EPS is expected to be in the range of $3.54 to $3.58, up from its
previous estimate of $3.50 to $3.54. FY08 non-GAAP diluted EPS estimates
exclude after-tax costs of approximately $0.24 per share, related primarily
to the amortization of purchased intangibles. These estimates for both
the third quarter and full year of fiscal 2008 do not reflect the potential
impact of the acquisition of EDS that HP announced today.
HP
is issuing this preliminary earnings announcement to facilitate communications
with investors regarding today's announcement that HP has entered into
a definitive merger agreement to acquire EDS (see "HP to Acquire EDS for
$13.9 billion" for details).
HP
to Acquire EDS for $13.9 Billion
EDS
shareholders to receive $25.00 per share in cash for each EDS share
Transaction
expected to more than double HP's revenue from services, furthering its
standing as world's largest technology company
PALO
ALTO, Calif., and PLANO, Texas, May 13, 2008
HP
and EDS today announced that they have signed a definitive agreement under
which HP will purchase EDS at a price of $25.00 per share, or an enterprise
value of approximately $13.9 billion. The terms of the transaction have
been unanimously approved by the HP and EDS boards of directors.
The
transaction is expected to close in the second half of calendar year 2008
and to more than double HP's services revenue, which amounted to $16.6
billion in fiscal 2007. The companies' collective services businesses,
as of the end of each company's 2007 fiscal year, had annual revenues of
more than $38 billion and 210,000 employees, doing business in more than
80 countries.
HP
intends to establish a new business group, to be branded EDS - an HP company,
which will be headquartered at EDS's existing executive offices in Plano,
Texas. HP plans that EDS will continue to be led after the deal closes
by EDS Chairman, President and Chief Executive Officer Ronald A. Rittenmeyer,
who will join HP's executive council and report to Mark Hurd, HP's chairman
and chief executive officer.
HP
anticipates that the transaction will be accretive to fiscal 2009 non-GAAP
earnings and accretive to 2010 GAAP earnings. Significant synergis are
expected as a result of the combination.
"The
combination of HP and EDS will create a leading force in global IT services,"
said Hurd. "Together, we will be a stronger business partner, delivering
customers the broadest, most competitive portfolio of products and services
in the industry. This reinforces our commitment to help customers manage
and transform their technology to achieve better results."
HP
Reports First Quarter 2007 Results
-- Net Revenue of $25.1 Billion, up $2.4 Billion Year-over-Year,
or 11%
-- GAAP Operating Profit of $1.8 Billion, or $0.55 Earnings Per
Share, up from $0.42 in the Prior Year Period
-- Non-GAAP Operating Profit of $2.2 Billion, or $0.65 Earnings
Per Share, up from $0.48 in the Prior Year Period
-- Announces Change to U.S. Defined Benefit Pension Plan; Offers
Early Retirement Program
PALO
ALTO, Calif.--(BUSINESS WIRE)--Feb. 20, 2007--HP (NYSE:HPQ) today announced
financial results for its first fiscal quarter ended Jan. 31, 2007, with
net revenue of $25.1 billion, representing growth of 11% year-over-year,
or 7% when adjusted for the effects of currency.
GAAP
operating profit was $1.8 billion and GAAP diluted earnings per share (EPS)
was $0.55 per share, up from $0.42 in the prior year period. Non-GAAP operating
profit was $2.2 billion, with non-GAAP diluted EPS of $0.65, up from $0.48
in the prior year period. Non-GAAP financial information excludes $279
million of adjustments on an after-tax basis, or $0.10 per diluted share,
related primarily to the amortization of purchased intangibles and in process
research and development charges related to acquisitions. GAAP and non-GAAP
financial information include all stock-based compensation expense in both
current and prior year periods.
"HP
delivered a strong first quarter, with improved margins and solid revenue
growth across our businesses," said Mark Hurd, HP chairman and chief executive
officer. "We have a lot of work and opportunities ahead of us. I am confident
we can continue to execute with discipline and deliver a year of strong
financial returns."
Q1 FY07 Q1 FY06
Y/Y
---------------------------
--------------- -------------- -----------
Net
revenue ($B)
$25.1 $22.7
11%
---------------------------
--------------- -------------- -----------
GAAP
operating margin
7.3% 6.6%
0.7 pts
---------------------------
--------------- -------------- -----------
GAAP
net earnings ($B)
$1.5 $1.2
26%
---------------------------
--------------- -------------- -----------
GAAP
diluted EPS
$0.55 $0.42
31%
---------------------------
--------------- -------------- -----------
Non-GAAP
operating margin
8.6% 7.5%
1.1 pts
---------------------------
--------------- -------------- -----------
Non-GAAP
net earnings ($B)
$1.8 $1.4
31%
---------------------------
--------------- -------------- -----------
Non-GAAP
diluted EPS
$0.65 $0.48
35%
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