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HP unveils healthy Q4 preliminary results

HP today announced preliminary results for the fourth fiscal quarter 2008 with revenue of US$33.6 billion, a year-o...


November 20, 2008  


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HP today announced preliminary results for the fourth fiscal quarter 2008 with revenue of US$33.6 billion, a year-over-year increase of 19% or 16% when adjusted for the effects of currency. Excluding the impact of the EDS acquisition, HP revenue grew 5% year over year or 2% when adjusted for the effects of currency.

 

In the fourth quarter, preliminary GAAP and non-GAAP diluted earnings per share (EPS) were US$0.84 and US$1.03, respectively. Non-GAAP EPS estimates exclude after-tax adjustments related to amortization of purchased intangibles, restructuring, in-process R&D and other acquisition-related charges of approximately US$0.19 per share.

 

“HP delivered another solid quarter as it continues to benefit from its global reach, diverse customer base, broad portfolio and numerous cost initiatives,” said Mark Hurd, HP chairman and CEO.

 

“Our ability to execute in a challenging marketplace differentiates HP, enabling it to increase share, expand earnings and emerge from the current economic environment as a stronger force.”

 

 


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