Hewlett-Packard announces financial report for quarter four

November 27, according to foreign media reports, Hewlett-Packard released its financial report for fiscal year 2013 as at October 31, 2013. The results show that Hewlett-Packard's performance in the quarter exceeded the expectations of market analysts.

HP's net revenue for the quarter was $29.1 billion trillion, down 3% from a year earlier, and if the currency effect was down 1% per cent, the revenue was higher than the market analyst expected for 27.9 billion dollars. Hewlett-Packard's third-quarter non-US general accounting standard diluted profit of 1.01 U.S. dollars, higher than the market analyst expected 1 dollars.

HP's net profit for the quarter, which met US GAAP, was $1.414 billion trillion, a net loss of $6.854 billion in the same period last year, and $0.73 trillion in diluted profits per share, measured in US GAAP, at a loss of $3.49 per share in the same period last year.

The net profit for non-US GAAP, excluding one-off projects in the quarter, was $1.959 billion trillion, compared with $2.281 billion a year earlier. Hewlett-Packard's third-quarter non-US general accounting standards diluted profit per share of 1.01 U.S. dollars, the same period last year, 1.16 U.S. dollars.

HP's 2013 total fiscal year net revenue was $112.3 billion, down 7% from the previous fiscal year, and a 5% drop in the currency impact.

Hewlett-Packard 2013 full fiscal year in line with the United States General accounting standards of the net profit of 5.113 billion U.S. dollars, the net loss in the previous fiscal year was $12.65 billion trillion; the diluted profit per share of United States GAAP was $2.62 trillion, below the company's previous forecast of USD 2.67 to 2.71 U.S. dollars, with a diluted loss of $6.41 per share in the previous fiscal year.

HP's 2013 fiscal year was not consistent with U.S. GAAP net profit of 6.938 billion U.S. dollars, the previous fiscal year of 8.035 billion U.S. dollars, not in line with the United States General accounting standards of diluted earnings per share of 3.56 U.S. dollars, lower than the previous fiscal year of 4.05 U.S. dollars, but in line with the previous expected to 3.53 U.S.

Business Unit Performance:

The HP Personal Systems Group's fourth-quarter revenue was $8.579 billion, down 2% from the 8.727 billion-dollar period last year. HP Personal Systems Group fourth quarter business customer revenue rose 4% Year-on-year, consumer customer revenue fell 10% year-on-year. HP Personal Systems Group fourth quarter desktop total shipments increased 2%, notebook computers total shipments increased 3%.

Hewlett-Packard Imaging and printing group fourth quarter revenue of 6.044 billion U.S. dollars, the same period last year, 6.08 billion U.S. dollar slipped 14%, the group fourth quarter operating rate of 17.7%, the group's fourth fiscal quarter total hardware volume rose 6%, of which, the total hardware shipments of commercial printers increased by 9% Year-on-year, Consumer hardware shipments grew 4% year-on-year.

Hewlett-Packard Group, which had a revenue of $7.594 billion trillion in the quarter, grew 2% from $7.459 billion a year earlier, with an operating rate of 14.5 per cent for the fourth quarter. One of the network revenue growth of 3%, industry-Standard server revenue growth 10% year-on-year, business-critical systems (Business unacknowledged BAE) revenue fell 17% year-on-year, storage business revenue growth of 1%, technical services revenue fell 6%.

Hewlett-Packard's Corporate Services division, which had a revenue of $5.759 billion trillion in the quarter, slipped 9% from 6.352 billion a year earlier, with the group operating at a rate of 4.4% per cent in the fourth quarter. Among them, application and business services revenue fell 10% year-on-year, infrastructure technology outsourcing business revenue fell 9% year-on-year.

Hewlett-Packard Software division revenue of the quarter of 1.064 billion U.S. dollars, the same period last year, 1.171 billion U.S. dollars down 9%, the department's four-quarter operating rate of 30.8%, of which support revenue growth of 4%, authorized revenue year-on-year decline 24%, professional services revenue down 13% per cent year-on-year, Software as a service (SAAS) revenue grew 15% year-on-year.

Hewlett-Packard's financial services division, which had a revenue of $912 million trillion, fell 6% from $966 million a year earlier.

Performance expectations

HP expects the diluted profit per share of non-US GAAP to be between $0.82 and $0.86 trillion in the first quarter of fiscal year 2014, and the first fiscal season is expected to meet US general accounting standards with diluted profits of $0.60 to 0.64 dollars.

HP expects a diluted profit per share of non-US GAAP in the 2014 fiscal year to reach between $3.55 and $3.75 trillion, with the expected 2014 fiscal year to be in line with US general accounting standards. Diluted profit per share will reach between 2.85 and 3.05 US dollars.

Asset Management

HP's operating activities in the quarter were $2.8 billion trillion, down 31% from a year earlier, and up to 6 billion U.S. dollars at the end of the fourth quarter. Hewlett-Packard Quarterly dividend of 0.1452 U.S. dollars, the total amount of 284 million U.S. dollars. Hewlett-Packard spent $479 million to buy back about 21.5 million shares of its common stock in the quarter.