HP Reports Second Quarter 2013 Results

Michael_Thacker| a month ago

Second quarter non-GAAP diluted earnings per share of $0.87, down 11% from the prior year, above previously provided outlook of $0.80 to $0.82 per share
Second quarter GAAP diluted earnings per share of $0.55, down 31% from the prior year, above previously provided outlook of $0.38 to $0.40 per share
Second quarter net revenue of $27.6 billion, down 10% from the prior year and down 9% when adjusted for the effects of currency
Cash flow from operations of $3.6 billion, up 44% from the prior year
Returned $1.1 billion in cash to shareholders in the form of dividends and share repurchases
Improved operating company net debt position by $1.8 billion, the fifth consecutive quarterly reduction of over $1 billion
Declared a regular quarterly cash dividend of 14.52 cents per share on the company’s common stock

(Editor's note: for more details, read today's press release, "HP Reports Second Quarter 2013 Earnings”)

Reference Guide: HP's Q2 FY13 Earnings Announcement

Michael_Thacker| a month ago

Hewlett Packard (NYSE ticker symbol: HPQ) will present its second quarter earnings results tomorrow, Wednesday, May 22, 2013, after the market closes. We will post links to the news release, financials and other information as it becomes available here at Data Central and on both Twitter and Stocktwits at @hpnews.

CEO Meg Whitman and CFO Cathie Lesjak will also host a live audio webcast to review HP’s financial results. The call is scheduled for tomorrow at 2:00 pm PT and will be available here.

You’ll also be able to follow the news on our investor relations website and newsroom, and on HP Next.

All HPQ SEC filings

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Forward-Looking Statements

Blog post, Twitter and StockTwits content may contain forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. A discussion of some of these risks, uncertainties and assumptions is set forth in more detail in HP’s SEC reports, including its most recent Form 10-K. HP assumes no obligation and does not intend to update any such forward looking statements.

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HP honored in GBCHealth awards

Michael_Thacker| May 17, 2013

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The potential for private sector engagement with the world’s most pressing global health issues is vast, and the impact of well-targeted corporate initiatives is growing rapidly. Today’s outstanding programs were showcased at the Roosevelt Hotel, New York City in Business Action on Health Awards at this year’s Global Business Coalition Health Conference (15-17 May).

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Driving Change in the Energy Space

Michael_Thacker| May 6, 2013

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HP raises ranking on Greenpeace Cool IT Leaderboard

HP is in the fourth spot in Version 6 of the Greenpeace Cool IT rankings, up from 10th position last year. This success demonstrates the organization’s commitment to “enabling a modern, renewable-powered energy infrastructure”, putting HP on a par with Sprint IT and Indian electronics manufacturer Wipro (who all tied for the fourth position with 43 points) and trailing only Google, Cisco (tied first place with 58 points), Ericsson (second place with 51 points), and Fujitsu (third place with 44 points). Other big names placed lower in the rankings – IBM (with 35 points), Dell (with 27 points) – while Apple chose not to participate.

Now in its sixth year, the Cool IT Leaderboard was launched in 2009 by Greenpeace to identify the global IT companies driving change in the energy sector. It considers contributions in three specific areas: economy-wide technological climate solutions, reduction of own global warming emissions, and engagement in political advocacy and policy support.

This year, HP was recognized for its increased advocacy effort – specifically for signing onto a letter (urging US Congressional leadership to extend wind tax credit) alongside Sprint and Microsoft – and for its product efficiency, and measurement of supply-chain emissions. The Greenpeace investigation also helpfully identified areas for improvement, and urged HP to use environmental and renewable energy performance goals to guide future growth.

See the Greenpeace Cool IT Leaderboard

Find out more about environmental sustainability at HP

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The Next Big Step: HP Catalyst Academy to Accelerate STEMx Professional Development

Michael_Thacker| April 16, 2013

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Teaching and learning the STEMx subjects (science, technology, engineering, mathematics, and complementing 21st-century skills) got a much-needed boost on April 15th, when the HP Catalyst Initiative took its next big step to launch the new HP Catalyst Academy. The Initiative has revealed that, although countries are prioritizing better quality STEMx education, traditional models of professional development are failing to keep pace with the demand.

The new HP Catalyst Academy provides a fresh approach to accelerate STEMx professional development. It is a source of free and powerful learning experiences that inspire and transform teaching practices, accessible online to educators everywhere. And the call has gone out for HP Catalyst Academy Fellows – STEMx trailblazers prepared to support this global transformation. Proposals are due by July 8th; visit www.hp.com/go/hpcatalystacademy for grant application details.

The launch was announced to more than 120 leading educators, education experts, and policy leaders at the 2013 HP Catalyst Summit in São Paulo, Brazil, a country that’s currently demonstrating powerful activism in education. This, the third annual Catalyst Summit, coincided with Brazil’s SINTED education technology exhibition, HP Brazil’s announcement of a comprehensive IT education solutions portfolio and the HP Institute professional certification program, and the recent publication of the OECD Catalyst report – the first-ever independent review of Catalyst achievements to date.

Maintaining momentum that can change STEMx teaching and learning around the world, HP also announced its sponsorship of the first global massively open online conference for STEMx educators: the Global STEMx EdCon (July 2013). Click to follow the 'Teaching, Learning, and Technology' blog for future event information.

Follow the action at the HP Catalyst Summit (April 15th - 18th, 2013) via Twitter hashtag #hpcatalyst

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