HP Q1 2020 Earnings Report
Key Takeaways
HP Inc. reported Q1 2020 net revenue of $14.6 billion, a slight decrease of 0.6% year-over-year. GAAP diluted net EPS was $0.46, while non-GAAP diluted net EPS was $0.65, both exceeding previous outlooks. The company generated $1.3 billion in net cash from operating activities and $1.1 billion in free cash flow.
GAAP diluted net EPS was $0.46, surpassing the outlook of $0.39 to $0.42 per share.
Non-GAAP diluted net EPS reached $0.65, exceeding the projected $0.53 to $0.56 per share.
Net revenue totaled $14.6 billion, a minor decrease of 0.6% compared to the previous year.
Free cash flow stood at $1.1 billion, indicating strong cash generation capabilities.
HP
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HP Revenue by Segment
Forward Guidance
For the fiscal 2020 second quarter, HP estimates GAAP diluted net EPS to be in the range of $0.46 to $0.50 and non-GAAP diluted net EPS to be in the range of $0.49 to $0.53. For fiscal 2020, HP is updating its estimate of GAAP diluted net EPS to be in the range of $2.03 to $2.13 and revises its previous estimate of non-GAAP diluted net EPS to be in the range of $2.33 to $2.43.
Revenue & Expenses
Visualization of income flow from segment revenue to net income