Want To Be Ready for iOS 5 Tomorrow? Get iTunes 10.5 Now Google''s Own YouTube Channel Confirms Ice Cream Sandwich''s Oct. 11th Debut Apple Finally Shows MicroUSB Some iPhone Love (But Just Barely) TCTV: Is The iPhone 4S A Worthwhile Upgrade? Watch: Here''s Apple''s iPhone 4S Video Intro The Original Siri App Gets Pulled From The App Store, Servers To Be Killed Hulu Launches Ad-Free Subscription Tier For $12 Per Month Haiku Is A Nifty Bike Assistant That Lets You Keep Your Phone In Your Pocket Tep Is An Adorable Fitness Tracking App That Works Like A Tamagotchi Issara Is Everlane For Leather Goods With Recently, Receive A Monthly Printed Magazine With Your Camera Roll New Xbox One Bundle Comes With 1TB Hybrid Drive, New Elite Controller For $499 T-Mobile Doesn''t Like Customers Who Use 2,000GB Of Data Per Month Have You Tried Asking Siri To Give You A Hint? Direct Messenger Is An Unofficial Twitter DM App Amazon Underground Features An Android App Store Focused On "Actually Free" Apps Sony Crammed A Full-Size Speaker Into This Silly TV Remote Rovio To Cut 260 Jobs As The Angry Birds Franchise Becomes Irrelevant TuneIn Launches TuneIn Premium With Ad-Free Radio, Audiobooks, MLB Games Philips Launches Cheaper Hue Smart Light Bulb Kit Mapstr Maps Out The Next Steps For Its App That Keeps Track Of Your Favorite Places Public Tech Companies Are Already Recovering From Brutal Stock Market Decline What Does The Chinese Fallout Mean For Apple? Facebook Down 12.1%, Apple Down 10%, Google Down 6.5%, Microsoft Down 5.8% As Stock Markets Plummet Chegg acquires Imagine Easy Solutions, the company behind EasyBib, BibMe and Citation Machine Google acquires Synergyse, an interactive training service for Google Apps Microsoft''s new tool for building line-of-business apps is now in public preview Microsoft restricts Cortana on Windows 10 to Bing and Edge Google for Work and Google Cloud Platform get new security and privacy certifications Google Calendar for Android makes scheduling meetings on the go easier Xamarin launches major update to its cross-platform development tools YouTube brings a new homepage with improved recommendations to its iOS and Android apps Adobe''s Document Cloud adds support for Box and Microsoft Rackspace brings AppFormix''s cloud optimization platform to its private cloud OpenStack Foundation launches its first cloud admin certification exams to combat talent shortage Microsoft''s Q3 misses with EPS of $0.62, revenue in line at $22.1B Android N Developer Preview expands beyond Google''s own devices, hits Sony''s Xperia Z3 MemSQL raises $36M Series C round for its in-memory database platform Portal 2 to be released in 2011! Chinese Internet addicts escape, then are returned to, treatment center Astro A30 Metal Gear Solid: Peace Walker headset coming at ya Video: Here''s that Red Dead Redemption short film Want Safari Reader functionality in Firefox or Google Chrome? Try Readability (it''s quite good). Bigelow Aerospace building first private space station You can now send Google Maps directions to your Ford Sync-equipped vehicle Is the Sun about to destroy every single piece of electronics you own? Will Billy Elliot be Peter Parker? iOS: Apple once again picks a Cisco name for one of its products Calamity strikes iPhone debut: network fails, Steve Jobs demands people close their laptops and turn off Wi-Fi U.S. Army arrests Wikileaks whistleblower
Amazon hires Disney SVP Kyle Laughlin as director of Alexa Gadgets
Apple’s battery cases return for the iPhone XS and XR
The Future Of TV Is HTML
This Week On Bullish: Can The Bold Italic Come Back?
Microsoft Drops New Windows 10 Mobile Build, Promises Faster Release Cadence
Cisco Pops 2.5% After Reporting Better-Than-Expected FQ4 Revenue Of $12.84B
Yahoo Sags 4% After Alibaba's Q2 Earnings Disappointment
Microsoft Postpones Ship Date For Its 'Surface Hub' Wall Computer To January
You Can Now Run Windows 10 On Your Mac
Microsoft Drops Another Windows 10 Update
Zulily's Buyout Spike Leaves It Less Valuable Than When It Went Public
Microsoft Launches New Windows 10 Build, Vows To Keep Its Early Access Program Alive

漂流瓶终于彻底拜拜 微信7.0.4新版体验
微信漂流瓶被玩坏了 聊聊漂流瓶里那些事
微信关闭漂流瓶 它曾经满足了我们对世界的好奇
[视频]惠普Chromebook x360 14 G1评测:搭载Chrome OS的商务变形本
借贷宝:停止催收百名裸条女大学生 未满23岁将不得借贷
京东白条多地频现盗刷 消费者遭催收公司“逼债”
借款野蛮催收行为将被规范 真是几家欢喜几家愁
为规范网贷催收 上海互金协会发行业倡议书
腾讯解释为什么微信没有夜间模式 真相你相信吗?

HP Misses, Q4 2012 Revenue Down 7% To $30B, $6.9B Net Loss, $8.8B Write-Down For Autonomy Acquisition

当前位置: 艾金森 > 门户 > 海外资讯

点击量 15
编辑: 1   作者: Techcrunch   时间: 2018/12/6 4:16:48  

HP's earnings for Q4 ending on October 31 show a gloomy quarter. Revenue is down 7 percent to $30 billion compared to Q4 2011. But the real problem comes from GAAP net income, with a net loss of $6.9 billion, or $3.49 per share, compared to a slim net profit of $0.2 billion for Q4 2011. Non-GAAP diluted earnings per share is at $1.16 compared to $1.17 year-over-year. Most of the bad news comes from a huge $8.8B write-down for $11.1 billion Autonomy acquisition due to accounting fraud.

In its earnings document, HP cites "serious accounting improprieties, disclosure failures and outright misrepresentations." HP CEO Meg Whitman commented during the earnings call "we feel terrible about the deal."

According to Thomson Reuters, analysts forecasted net income of $2.2 billion on revenue of $30.4 billion. The write-down is unexpected and represents the vast majority of HP's loss. Without it, it would be a slight miss for HP on both revenue and net income. On EPS, HP slightly beat expectations. Instead of $1.14 non-GAAP diluted EPS, HP reports $1.16.

There is still a "decline in hardware" according to HP CFO Cathie Lesjak. But the disappointment comes from Autonomy. "HP is extremely disappointed to find that some former members of Autonomy’s management team used accounting improprieties, misrepresentations and disclosure failures to inflate the underlying financial metrics of the company, prior to Autonomy’s acquisition by HP," she said.

HP has reported two huge write-downs for the last two quarters. The company reported the fraud to authorities. "We will now carry on and pick it from here," Whitman said during the earnings call.

Autonomy is still HP's largest acquisition to date. It has been referred to as a way to realign HP's business. For next quarter, an enterprise group will be created to reflect those changes.

But it was a decision made by a previous executive team. "We are very focused on products, products, products," Whitman said.

Here is HP CEO Meg Whitman statement about the earnings:

As we discussed during our Securities Analyst Meeting last month, fiscal 2012 was the first year in a multiyear journey to turn HP around. We're starting to see progress in key areas, such as new product releases and customer wins. We're particularly pleased that in Q4, we were able to improve our balance sheet, generating $4.1 billion in operating cash flow, and we returned $384 million to shareholders in the form of share repurchases and dividends.