HP has reported a 3% drop in revenue during the fourth quarter of 2013 to $29.1bn, while the fiscal 2013 revenue decreased by 7% to $112.3bn.
The PC maker reported net earnings per share of $0.73, an increase compared to the GAAP diluted net loss per share of $3.49 registered during the same period previous year.
Hp reported a fourth quarter non-GAAP net earnings of $545m and non-GAAP diluted net EPS exclude after-tax costs of $0.28 per diluted share.
For the complete fiscal 2013, the company recorded a GAAP diluted net earnings per share of $2.62 that went down compared to the estimated $2.67 to $2.71 net earnings per share.
The company reported cash flow from operations of $2.8 billion, down 31% from the prior-year period
The company has improved its operating net debt position by $1.3bn to an operating company net cash position in the fourth quarter, which represents seventh consecutive quarterly improvement of over $1bn.
