HP Inc.
HP Inc. Reports Q1 FY24 Results with GAAP EPS of $0.62 and Non-GAAP EPS of $0.81
Summary
HP Inc. reported its fiscal 2024 first quarter results, showing a GAAP diluted net earnings per share (EPS) of $0.62 and a non-GAAP diluted net EPS of $0.81, both within the previously provided outlook. The company's net revenue was $13.2 billion, down 4.4% year over year. The results reflect continued progress against the company's Future Ready plan, with solid earnings growth despite market challenges. HP generated $121 million in net cash from operating activities and $25 million in free cash flow. The company also returned $0.8 billion to shareholders through share repurchases and dividends.
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About HP Inc.
HP Inc. is a global leader in the development and manufacturing of computing and imaging solutions, known for its wide array of products and services. As a key player in the information technology industry, HP Inc. is renowned for its personal computers, printers, and related supplies, catering to both consumer and enterprise markets. The company's product portfolio includes laptops, desktops, ink and laser printers, and a variety of software solutions designed to enhance productivity and connectivity. HP Inc. is at the forefront of digital transformation, providing solutions that help businesses and individuals manage and process information in the digital world. The company is also involved in 3D printing and immersive computing technologies, which are emerging as critical components of the industry's future landscape. Through its vast distribution network, HP Inc. serves customers worldwide, offering both direct sales and partnerships with resellers. With a long history of innovation and adaptability, HP Inc. continues to play a significant role in shaping technology trends across various sectors, from educational institutions to large organizational enterprises.
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