2014年11月25日星期二

HP Misses On Revenue, All Businesses Down with the exception of PCs

HP Misses On Revenue, All Businesses Down with the exception of PCs

HP a moment ago reported its fourth quarter take-home pay: Inline with profits and a skip on revenue.

HP reported Q4 take-home pay for every share of $1.06, desirable all the rage line with expectations and revenue of $28.40 billion, that's a skip.

Analysts probable $1.06 take-home pay for every share intended for the quarter and revenue to be present $28.77 billion, down 1.3% larger than the year-ago quarter.

Intended for the time, HP reported achieve revenue of $111.5 billion, that's an additional slight skip. Analysts probable the time to lacquer with $111.74 billion all the rage revenue, just about flatly (down merely a .5% from continue year).

HP beat the non-GAAP broad time EPS add up to by 1 cent. It reported $3.74 as analysts probable $3.73. The company had prearranged guidance of $3.70 to $3.74 for every share.

This is the essential take-home pay testimony since HP announced its procedure to smite itself into two in the public domain companies all the rage 2015.

Revenue was down all the rage a moment ago roughly each enterprise organization. The merely lively touch was the PC division, everywhere revenue was up 4% time larger than time with a 4.0% operating margin, entirely due to businesses at the end of the day export in mint condition PCs. Consumer PC revenue was down 2%.

In sequence roughly HP's purpose of non-GAAP fiscal in sequence is provided under "purpose of non-GAAP fiscal information" less than.

HP at present announced fiscal results intended for fiscal 2014 and fourth quarter ended October 31, 2014.

Fiscal 2014 achieve revenue of $111.5 billion was down 1% from the prior-year stop and flatly on a constant currency basis.

Fiscal 2014 GAAP thinned achieve take-home pay for every share (EPS) was $2.62, flatly all the rage comparison with the prior-year stop amount and surrounded by the previously provided outlook of $2.60 to $2.64 for every share. Fiscal 2014 non-GAAP thinned achieve EPS was $3.74, up from $3.56 all the rage the prior-year stop and surrounded by the previously provided outlook of $3.70 to $3.74 for every share. Fiscal 2014 non-GAAP achieve take-home pay and non-GAAP thinned achieve EPS exclude after-tax expenditure of $2.1 billion and $1.12 for every thinned share, correspondingly, connected to restructuring charges, the paying back of intangible assets and acquisition-related charges.

Fourth quarter achieve revenue of $28.4 billion was down 2% from the prior-year stop and down 3% on a constant currency basis.

Fourth quarter thinned achieve GAAP EPS was $0.70, down from $0.73 all the rage the prior-year stop and surrounded by its previously provided outlook of $0.67 to $0.71 for every share. Fourth quarter non-GAAP thinned achieve EPS was $1.06, up from $1.01 all the rage the prior-year stop and surrounded by its previously provided outlook of $1.03 to $1.07. Fourth quarter non-GAAP achieve take-home pay and non-GAAP thinned achieve EPS exclude after-tax expenditure of $684 million and $0.36 for every thinned share, correspondingly, connected to restructuring charges, the paying back of intangible assets and acquisition-related charges.

"I'm excited to say with the intention of HP's spin continues on track," understood Meg Whitman, chairman, president and chief executive policewoman, HP. "all the rage FY14, we stabilized our revenue flight, strengthened our operations, showed compelling fiscal regulation, and time was again made innovation the keystone of our company. Our manufactured goods roadmaps are the preeminent they've been all the rage years and our partners and customers believe all the rage us. There's still a luck missing to make sure of, but our hard work to engagement, combined with the separation we announced all the rage October, sets the stage intended for accelerated progress all the rage FY15 and clear of."

Outlook
Intended for fiscal 2015, HP estimates non-GAAP thinned achieve EPS to be present all the rage the range of $3.83 to $4.03 and GAAP thinned achieve EPS to be present all the rage the range of $3.23 to $3.43. Fiscal 2015 non-GAAP thinned achieve EPS estimates exclude after-tax expenditure of approximately $0.60 for every share, connected primarily to the paying back of intangible assets and restructuring charges.

Intended for the fiscal 2015 essential quarter, HP estimates non-GAAP thinned achieve EPS to be present all the rage the range of $0.89 to $0.93 and GAAP thinned achieve EPS to be present all the rage the range of $0.72 to $0.76. Fiscal 2015 essential quarter non-GAAP thinned achieve EPS estimates exclude after-tax expenditure of approximately $0.17 for every share, connected primarily to the paying back of intangible assets and restructuring charges.

The fiscal 2015 broad time and essential quarter outlooks make sure of not include expenditure associated with the separation, which are probable to be present non-GAAP adjustments commencement all the rage Q1 2015.

Asset management
HP generated $2.7 billion all the rage currency current from operations all the rage the fourth quarter, down 4% from the prior-year stop. List ended the quarter by $6.4 billion, up 3 days time larger than time to 27 days. Accounts receivable ended the quarter by $13.8 billion, down 5 days time larger than time to 44 days. Accounts payable ended the quarter by $15.9 billion, up 11 days time larger than time to 67 days. HP's dividend payment of $0.16 for every share all the rage the fourth quarter resulted all the rage currency custom of $309 million. HP as well utilized $750 million of currency through the quarter to repurchase approximately 21.7 million shares of ordinary sell all the rage the unlock promote. HP exited the quarter with $15.5 billion all the rage get currency.

Fiscal 2014 fourth quarter segment results

Private Systems revenue was up 4% time larger than time with a 4.0% operating margin. For profit revenue increased 7% and Consumer revenue decreased 2%. Full units were up 5% with Desktops units down 2% and Notebooks units up 8%.
Printing revenue was down 5% time larger than time with an 18.1% operating margin. Full hardware units were down 1% with for profit hardware units up 5% and Consumer hardware units down 4%. Equipment revenue was down 7%.
Endeavor faction (ETOLF) revenue was down 4% time larger than time with a 14.8% operating margin. Industry Standard Servers revenue was down 2%, storage space revenue was down 8%, enterprise derogatory Systems revenue was down 29%, Networking revenue was up 2% and tools Services revenue was down 3%.
Endeavor Services revenue was down 7% time larger than time with a 6.8% operating margin. Diligence and enterprise Services revenue was down 6% and Infrastructure tools Outsourcing revenue declined 7%.
Software revenue was down 1% time larger than time with a 31.1% operating margin. License revenue was up 2%, support revenue was down 1%, pro services revenue was down 5% and software-as-a-service (SaaS) revenue was flatly.
HP fiscal Services revenue was down 1% time larger than time with a 1% decrease all the rage achieve portfolio assets and a 15% upsurge all the rage financing volume. The enterprise delivered an operating margin of 12.1%.

Tags : HP

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