HP's first quarter net profit of 1.4 billion USD rose 16%

HP's first-quarter results exceed analysts ' expectations, but the outlook for the second-quarter was less than expected; shares fell nearly 1%. Tencent Science and Technology snow February 21 compiled Hewlett-Packard released today in the 2014 fiscal year first quarter earnings. The report showed HP's first-quarter revenue was $28.154 billion, down 1% from $28.359 billion a year earlier, and a net profit of 1.425 billion dollars, up 1.232 billion from the same period last year. HP's first-quarter results exceeded Wall Street analysts ' expectations, but the second-quarter outlook was less than expected, driving its share price down nearly 1%. In the quarter ended January 31, Hewlett-Packard's net profit was $1.425 billion trillion, up 16% from $1.232 billion a year earlier, with HP earning $0.74 per share in the first quarter, or 0.63 cents per share over the same period last year. Excluding one-off items (not in accordance with US GAAP), HP's first-quarter net profit was $1.7 billion, up 9% per cent from the same period last year, with a earnings of $0.90 a share of 0.82 dollars over the same period last year, a performance that exceeded analysts ' expectations. Analysts on average expect HP's earnings to be $0.85 per share in the first quarter, according to FactSet Research, a financial information provider. HP's first-quarter revenue was $28.154 billion, down 1% from the 28.359 billion-dollar period last year; HP's first-quarter net revenue was flat compared to analysts ' expectations, excluding the impact of currency movements. FactSet Research survey shows that analysts expect HP's first quarter net revenue of 27.2 billion U.S. dollars. HP's first-quarter operating profit was $1.997 billion trillion, a year earlier at $1.752 billion trillion, with an operating profit margin of 7.1%, compared with 6.2% in the same period last year. Not in accordance with U.S. general accounting standards, HP first quarter operating profit margin of 8.5%, the same period last year 7.9%. In line with the business sector, Hewlett-Packard Personal Systems Group revenue of the first quarter of 8.53 billion U.S. dollars, compared with the same period last year, 8.204 billion U.S. dollar growth of 4%, operating profit margin of 3.3%. Total sales of HP's personal Systems Group grew 6% year-on-year, with desktop sales down 3% per cent year-on-year, but notebook sales grew 5% per cent year-on-year. Hewlett-Packard Printing group revenue of the first quarter of 5.815 billion U.S. dollars, compared with the same period last year, 5.946 billion U.S. dollars slipped 2%, operating profit margin of 16.8%. The total hardware sales of Hewlett-Packard Print group grew 5% from a year earlier, with business hardware sales up 6% year-on-year and personal hardware sales up 4% year-on-year. Hewlett-Packard conglomerate's first-quarter revenue was $6.993 billion, up 1% from 6.948 billion trillion in the same period last year, with an operating profit margin of 14.4%; The HP Software department's first-quarter revenue was 916 million dollars, compared with a year earlier951 million of dollars fell 4%, operating margins were 15.8%, and HP's financial services department's first-quarter revenue was 870 million dollars, down 957 million from the same period last year and 9% per cent in operating margins. HP expects to have a earnings of $0.62 to $0.66 per share in the second quarter of fiscal year 2014, according to the US GAAP, and excluding after-tax expenses such as amortization of intangible assets, reorganization fees and mergers and acquisitions related costs per share, not in accordance with U.S. general accounting standards, Earnings per share in the second quarter were $0.85 to 0.89 dollars. The FactSet Research survey shows that analysts expect HP's earnings to be $0.89 per share in the second quarter. HP also expects that, in the 2014 fiscal year, the earnings per share will be about $2.85 to $3.00, in accordance with US GAAP, and that it will remain unchanged from the previous forecasts, and that excluding the cost of amortization of intangible assets, restructuring costs and merger-related costs per share of about $0.75 in accordance with U.S. In fiscal year 2014, earnings per share were $3.60 to 3.75 dollars. On that day, HP rose 0.74 U.S. dollars in regular trading on the New York Stock Exchange, at $30.13, or 2.51%. HP's shares fell 0.19 U.S. dollars to 30.00 U.S. dollars, or 0.63%, in the subsequent trading after 16:26 (5:26 21st). In the past 52 weeks, HP's highest share price was $30.28, with a minimum price of $16.57.