HP's first quarter net profit of 2.6 billion US dollars increased 16% year-on-year

February 23 news, Hewlett-Packard released today the first quarter fiscal year 2011 financial report. The report shows that HP's revenue for the first quarter was 32.3 billion US dollars, up 4% from the same period last year's 31.2 billion US dollars; net profit was 2.605 billion US dollars, an increase of 16% over the same period last year's 2.25 billion US dollars. Hewlett-Packard's first-quarter revenue was less than expected by Wall Street analysts, and his second-quarter performance expectations were not as good as analysts' expectations, prompting his stock price to fall more than 6%.

In the quarter ended Jan. 31, HP's net profit was 2.605 billion US dollars, compared with 2.250 billion US dollars in the same period last year; HP's first-quarter earnings per share was 1.17 US dollars, an increase of 93 cents from the same period last year. %. Excluding one-time items, HP's first-quarter earnings per share was $1.36, a 27% increase from the $1.07 in the same period last year, which exceeded analysts' previous expectations. Thomson Reuters survey shows that analysts expect HP’s first-quarter earnings per share of $1.29.

HP’s net revenue for the first quarter was US$32.3 billion, an increase of 16% from US$31.2 billion in the same period of last year; HP’s net revenue in the first quarter increased by 4% excluding the effect of exchange rate fluctuations, which was lower than analysts’ expectations. . Thomson Reuters survey shows that analysts expect HP’s net revenue for the first quarter to reach US$32.96 billion. HP's operating profit for the first quarter was $3.394 billion, compared to $3.03 billion in the same period last year.

In terms of geographic region, HP’s revenue from the Americas for the first quarter was US$14.4 billion, a year-on-year increase of 6%; revenue from Europe, the Middle East and Africa was US$12.1 billion, unchanged from the same period last year; revenue from Asia Pacific operations was 58 Billion US dollars, a year-on-year increase of 7%. Excluding the impact of exchange rate changes, HP’s revenue from the Americas increased by 5% in the first quarter from a year earlier, revenue from Europe, the Middle East and Africa increased by 4% year-on-year, and revenue from Asia Pacific operations increased by 2% year-on-year. HP’s revenue from non-U.S. markets accounted for 65% of total revenue in the first quarter; HP’s revenue from BRIC countries (Brazil, Russia, India, and China) increased by 11% year-on-year in the first quarter. The proportion of total revenue is 11%.

According to the business division, HP’s Personal Systems Group’s revenue for the first quarter was US$10.449 billion, a year-on-year decline of 1%, and its operating margin was 6.4%; HP Imaging and Printing Group’s revenue for the first quarter was US$6,630 million, a year-on-year increase of 7%. The profit rate was 17.0%; Hewlett-Packard Enterprise Server and Storage & Networking Division reported revenue of US$5.634 billion for the first quarter, an increase of 22% over the same period of last year, operating profit margin of 14.7%; Hewlett Packard Service reported revenue of US$8.607 billion for the first quarter, down 2% year-on-year Operating profit margin was 16.0%; Hewlett-Packard’s software division’s revenue for the first quarter was US$679 million, a year-on-year increase of 5%, and operating profit margin was 17.6%; HP’s financial services division’s revenue for the first quarter was US$827 million, a year-on-year increase of 15%. The operating margin was 9.6%.

HP expects revenue for the second quarter of fiscal 2011 to be approximately $31.4 billion to $31.6 billion, which is less than the average analyst estimate of $32.62 billion; according to US GAAP, second-quarter earnings per share range from $0.99 to $1.01; In accordance with U.S. GAAP, after accounting for after-tax expenses such as amortization of intangible assets of approximately US$0.20 per share, restructuring expenses, and acquisition-related expenses, the first-quarter earnings per share ranged from US$1.19 to US$1.21, which was less than analysts’ expectations of 1.25. Dollars.

Hewlett-Packard expects revenue for the 2011 fiscal year to be approximately 130 billion U.S. dollars to 131.5 billion U.S. dollars, which is lower than the previous forecast of 132 billion U.S. dollars to 13.35 billion U.S. dollars; according to U.S. GAAP, the fiscal year 2011 earnings per share is 4.46 U.S. dollars to 4.54 U.S. dollars. US$4.42 to US$4.52 previously expected; not after accounting for U.S. General Accounting Standards, excluding amortization of intangible assets of approximately US$0.74 per share, restructuring expenses, and acquisition-related expenses such as after-tax expenses, earnings per share in fiscal year 2011 were 5.20 The U.S. dollar rose to 5.28 U.S. dollars, higher than the previous forecast of 5.16 U.S. dollars to 5.26 U.S. dollars.

On the same day, HP's share price fell 0.44 US dollars in regular trading on the New York Stock Exchange to close at 48.23 US dollars, a decrease of 0.90%. In the subsequent trading hours ending at 16:16 U.S. Eastern Time (5:16 GMT on the 23rd), Hewlett-Packard shares fell 3.13 U.S. dollars to 45.10 U.S. dollars, a decrease of 6.49%. In the past 52 weeks, HP's highest price is 54.75 US dollars, the lowest price of 37.32 US dollars.

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