HP announced fiscal 2018 net revenue of $58.5 billion, up 12% (up 10% in constant currency) from the prior-year period. Fourth quarter net revenue was $15.4 billion, up 10% (up 9% in constant currency) from the prior-year period.
Fiscal 2018 GAAP diluted net earning per stock was $3.26, up from $1.48 in the prior-year period and above the previously provided outlook of $2.82 to $2.85. Fiscal 2018 non-GAAP diluted net EPS was $2.02, up from $1.65 in the prior-year period and within the previously provided outlook of $2.00 to $2.03. Fiscal 2018 non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax adjustments of $2.0 billion, or $1.24 per diluted share.
Fourth quarter GAAP diluted net EPS was $0.91, up from $0.39 in the prior-year period and above the previously provided outlook of $0.48 to $0.51. Non-GAAP diluted net EPS in the same period was $0.54, up from $0.44 in 2017 and within the previously provided outlook of $0.52 to $0.55. Fourth quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax adjustments of $586 million, or $0.37 per diluted share.
“Our results once again demonstrate HP’s consistent performance with full year non-GAAP EPS growth of 22% year over year and free cash flow generation of $4.2 billion,“ said Dion Weisler, President and CEO, HP. “These results reflect our continued innovation across the portfolio and sharp execution across segments and regions as we position HP for continued long-term sustainable growth.“
Personal Systems net revenue was up 11% year over year (up 10% in constant currency) with a 3.8% operating margin. Both Commercial and Consumer net revenue increased 11%. Total units were up 6% with Notebooks units up 8% and Desktops units up 2%. Printing net revenue was up 9% year over year (up 8% in constant currency) with a 16.1% operating margin. Total hardware units were up 11% with Commercial hardware units up 85% and Consumer hardware units up 3%. Supplies net revenue was up 7% (up 6% in constant currency).
For the fiscal 2019 first quarter, HP estimates GAAP diluted net EPS to be in the range of $0.46 to $0.49 and non-GAAP diluted net EPS to be in the range of $0.50 to $0.53. For fiscal 2019, HP estimates GAAP diluted net EPS to be in the range of $2.04 to $2.14 and non-GAAP diluted net EPS to be in the range of $2.12 to $2.22.
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Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
