HP Reports Revenue Declines in Fourth Quarter and Fiscal Year Results
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Full Year Fiscal 2009
Net revenue for the full fiscal year 2009 was $114.6 billion, down 3% compared with the prior-year period or up 1% when adjusted for the effects of currency. GAAP operating profit was $10.1 billion and GAAP diluted EPS was $3.14, down from $3.25 in the prior year. Non-GAAP operating profit was $12.6 billion, and non-GAAP diluted EPS was $3.85, up from $3.62 in the prior-year period. Non-GAAP financial information excludes $1.7 billion of adjustments on an after-tax basis, or $0.71 per diluted share, related to the amortization of purchased intangible assets, restructuring charges, acquisition-related charges and in-process research and development charges.
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