Hp inc. reports fiscal 2023 second quarter results

Palo alto, calif., may 30, 2023 (globe newswire) -- hp (nyse: hpq) second quarter gaap diluted net earnings per share ("eps") of $1.07, above the previously provided outlook of $0.40 to $0.50 per share second quarter non-gaap diluted net eps of $0.80, within the previously provided outlook of $0.73 to $0.83 per share second quarter net revenue of $12.9 billion, down 21.7% from the prior-year period second quarter net cash provided by operating activities of $0.6 billion, free cash flow of $0.5 billion second quarter returned $0.3 billion to shareholders in the form of dividends hp inc.'s fiscal 2023 second quarter financial performance   q2 fy23 q2 fy22 y/y gaap net revenue ($b) $ 12.9 $ 16.5 (21.7)% gaap operating margin   5.9%   7.8% (1.9) pts gaap net earnings ($b) $ 1.1 $ 1.0 7% gaap diluted net eps $ 1.07 $ 0.94 14% non-gaap operating margin   8.7%   8.8% (0.1) pts non-gaap net earnings ($b) $ 0.8 $ 1.2 (31)% non-gaap diluted net eps $ 0.80 $ 1.08 (26)% net cash provided by operating activities ($b) $ 0.6 $ 0.5 25% free cash flow ($b) $ 0.5 $ 0.4 54% notes to table information about hp inc.'s use of non-gaap financial information is provided under "use of non-gaap financial information" below.
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