HP absolutely reported its fourth quarter dividend: Inline with profits and a forget on revenue.
HP reported Q4 dividend apiece share of $1.06, completely in the sphere of line with expectations and revenue of $28.40 billion, that's a forget.
Analysts likely $1.06 dividend apiece share used for the quarter and revenue to take place $28.77 billion, down 1.3% in excess of the year-ago quarter.
Used for the time, HP reported grid revenue of $111.5 billion, that's one more slight forget. Analysts likely the time to conclude with $111.74 billion in the sphere of revenue, practically smooth (down lone a .5% from survive year).
HP beat the non-GAAP full up time EPS amount by 1 cent. It reported $3.74 as soon as analysts likely $3.73. The company had particular guidance of $3.70 to $3.74 apiece share.
This is the formerly dividend story since HP announced its policy to slash itself into two civic companies in the sphere of 2015.
Revenue was down in the sphere of absolutely going on for each corporation building block. The lone sharp-witted tad was the PC division, someplace revenue was up 4% time in excess of time with a 4.0% operating margin, entirely due to businesses at length import new to the job PCs. Consumer PC revenue was down 2%.
In a row going on for HP's mistreat of non-GAAP economic in a row is provided under "mistreat of non-GAAP economic information" beneath.
HP nowadays announced economic results used for fiscal 2014 and fourth quarter ended October 31, 2014.
Fiscal 2014 grid revenue of $111.5 billion was down 1% from the prior-year interlude and smooth on a constant currency basis.
Fiscal 2014 GAAP watered down grid dividend apiece share (EPS) was $2.62, smooth in the sphere of comparison with the prior-year interlude amount and inside the previously provided outlook of $2.60 to $2.64 apiece share. Fiscal 2014 non-GAAP watered down grid EPS was $3.74, up from $3.56 in the sphere of the prior-year interlude and inside the previously provided outlook of $3.70 to $3.74 apiece share. Fiscal 2014 non-GAAP grid dividend and non-GAAP watered down grid EPS exclude after-tax overheads of $2.1 billion and $1.12 apiece watered down share, correspondingly, interconnected to restructuring charges, the paying back of intangible assets and acquisition-related charges.
Fourth quarter grid revenue of $28.4 billion was down 2% from the prior-year interlude and down 3% on a constant currency basis.
Fourth quarter watered down grid GAAP EPS was $0.70, down from $0.73 in the sphere of the prior-year interlude and inside its previously provided outlook of $0.67 to $0.71 apiece share. Fourth quarter non-GAAP watered down grid EPS was $1.06, up from $1.01 in the sphere of the prior-year interlude and inside its previously provided outlook of $1.03 to $1.07. Fourth quarter non-GAAP grid dividend and non-GAAP watered down grid EPS exclude after-tax overheads of $684 million and $0.36 apiece watered down share, correspondingly, interconnected to restructuring charges, the paying back of intangible assets and acquisition-related charges.
"I'm excited to say with the aim of HP's gyrate continues on track," assumed Meg Whitman, chairman, president and chief executive official, HP. "in the sphere of FY14, we stabilized our revenue trace, strengthened our operations, showed sharp economic regulation, and formerly again made innovation the basis of our company. Our artifact roadmaps are the top they've been in the sphere of years and our partners and customers believe in the sphere of us. There's still a lot in life gone to work out, but our labors to blind date, combined with the separation we announced in the sphere of October, sets the stage used for accelerated progress in the sphere of FY15 and past."
Outlook
Used for fiscal 2015, HP estimates non-GAAP watered down grid EPS to take place in the sphere of the range of $3.83 to $4.03 and GAAP watered down grid EPS to take place in the sphere of the range of $3.23 to $3.43. Fiscal 2015 non-GAAP watered down grid EPS estimates exclude after-tax overheads of approximately $0.60 apiece share, interconnected primarily to the paying back of intangible assets and restructuring charges.
Used for the fiscal 2015 formerly quarter, HP estimates non-GAAP watered down grid EPS to take place in the sphere of the range of $0.89 to $0.93 and GAAP watered down grid EPS to take place in the sphere of the range of $0.72 to $0.76. Fiscal 2015 formerly quarter non-GAAP watered down grid EPS estimates exclude after-tax overheads of approximately $0.17 apiece share, interconnected primarily to the paying back of intangible assets and restructuring charges.
The fiscal 2015 full up time and formerly quarter outlooks work out not include overheads associated with the separation, which are likely to take place non-GAAP adjustments introduction in the sphere of Q1 2015.
Asset management
HP generated $2.7 billion in the sphere of coins drift from operations in the sphere of the fourth quarter, down 4% from the prior-year interlude. Register ended the quarter by the side of $6.4 billion, up 3 days time in excess of time to 27 days. Accounts receivable ended the quarter by the side of $13.8 billion, down 5 days time in excess of time to 44 days. Accounts payable ended the quarter by the side of $15.9 billion, up 11 days time in excess of time to 67 days. HP's dividend payment of $0.16 apiece share in the sphere of the fourth quarter resulted in the sphere of coins convention of $309 million. HP in addition utilized $750 million of coins in the quarter to repurchase approximately 21.7 million shares of nothing special cattle in the sphere of the initiate marketplace. HP exited the quarter with $15.5 billion in the sphere of flagrant coins.
Fiscal 2014 fourth quarter segment results
Individual Systems revenue was up 4% time in excess of time with a 4.0% operating margin. Ad revenue increased 7% and Consumer revenue decreased 2%. Compute units were up 5% with Desktops units down 2% and Notebooks units up 8%.
Printing revenue was down 5% time in excess of time with an 18.1% operating margin. Compute hardware units were down 1% with ad hardware units up 5% and Consumer hardware units down 4%. Food revenue was down 7%.
Venture assemblage (ETOLF) revenue was down 4% time in excess of time with a 14.8% operating margin. Industry Standard Servers revenue was down 2%, luggage compartment revenue was down 8%, corporation judgmental Systems revenue was down 29%, Networking revenue was up 2% and skill Services revenue was down 3%.
Venture Services revenue was down 7% time in excess of time with a 6.8% operating margin. Appliance and corporation Services revenue was down 6% and Infrastructure skill Outsourcing revenue declined 7%.
Software revenue was down 1% time in excess of time with a 31.1% operating margin. License revenue was up 2%, support revenue was down 1%, authority services revenue was down 5% and software-as-a-service (SaaS) revenue was smooth.
HP economic Services revenue was down 1% time in excess of time with a 1% decrease in the sphere of grid portfolio assets and a 15% multiply in the sphere of financing volume. The corporation delivered an operating margin of 12.1%.
Tags : HP
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