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HP Q4 revenues fall 2%, EPS down 4%
2014-11-26 08:55:00| Telecompaper Headlines
(Telecompaper) HP reported revenues for its fiscal fourth quarter to October down 2 percent year-on-year to USD 28.4 billion. On a constant currency basis, revenues fell 3 percent. Adjusted net profit rose 5 percent from a year ago to USD 1.06 per share, in line with HP's outlook. Reported EPS was down 4 percent to USD 0.70, also in line with guidance. The company generated USD 2.7 billion in cash flow from operations in the quarter and returned USD 1.1 billion to shareholders in the form of share repurchases and dividends in the fourth quarter. CEO Meg Whitman said that HP's turnaround was on track, with revenues stabilised in the past year, strong financial discipline and strengthened operations. She expects an acceleration in the progress in 2015. For the year to October 2015, HP forecast adjusted EPS of USD 3.83-4.03, up from USD 3.74 in the past year, and reported EPS of USD 3.23-3.43, versus USD 2.62 last year. For fiscal Q1, HP estimates adjusted EPS at USD 0.89-0.93 and reported EPS of USD 0.72-0.76. The outlooks do not include costs associated with the planned separation of HP's computer and printing activities.
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Category:Telecommunications