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HP INC - First Quarter Results

Net revenue and EPS results
HP Inc. (“HP”) announced Fiscal 2018 first quarter net revenue of $14.5 billion, up 14% (up 13% in constant currency) from the prior-year period.

First quarter GAAP diluted net EPS was $1.16, up from $0.36 in the prior-year period and above the previously provided outlook of $0.38 to $0.42. First quarter non-GAAP diluted net EPS was $0.48, up from $0.38 in the prior-year period and above the previously provided outlook of $0.40 to $0.43. First quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax adjustments of $1.1 billion, or $0.68 per share, related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), net tax indemnification amounts and US tax reform adjustment.

“We’re coming out of the gate strong in Q1, with double digit revenue and EPS growth year over year,” said Dion Weisler, President and CEO, HP Inc. “Our impressive results spanned all segments and all regions, reflecting our innovative product portfolio and global execution.”
HP Inc. Reports Fiscal 2018 First Quarter Results
PALO ALTO, Calif., Feb. 22, 2018 (GLOBE NEWSWIRE) -- HP (NYSE:HPQ)

First quarter GAAP diluted net earnings per share of $1.16, above the previously provided outlook of $0.38 to $0.42 per share
First quarter non-GAAP diluted net earnings per share of $0.48, above the previously provided outlook of $0.40 to $0.43 per share
First quarter net revenue of $14.5 billion, up 14% (up 13% in constant currency) from the prior-year period
First quarter net cash provided by operating activities of $996 million
First quarter free cash flow of $977 million
First quarter returned $692 million to shareholders in the form of share repurchases and dividends

INVESTOR RELATIONShttp://h30261.www3.hp.com/
WEBCAST: https://services.choruscall.com/links/hpq180222GlCIAz5M.html
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COMMENTS

THE MERCURY NEWS: Hewlett Packard Enterprise, HP Inc. deliver double dose of good results
https://www.mercurynews.com/2018/02/22/hewlett-packard-enterprise-hp-inc-deliver-double-dose-of-good-results/

ZD NET: HP beats Q1 earnings expectations as revenue climbs. Shares jumped more than 13 percent after hours. 
http://www.zdnet.com/article/hp-q1-earnings-beats-expectations/