HP’s financial results for fiscal 2015 and its fourth quarter ended October 31, 2015 have been released. Here are the highlights:
- Fiscal 2015 net revenue of $103.4 billion was down 7% from the prior-year period and down 2% on a constant currency basis.
- Fiscal 2015 cash flow from operations of $6.5 billion is down 47% from the prior-year period.
- Returned $4.1 billion to shareholders in the form of share re-purchases and dividends in fiscal 2015, which was in excess of 100% of fiscal 2015 free cash flow.
- Fourth-quarter net revenue of $25.7 billion was down 9% from the prior-year period and down 3% on a constant currency basis.
- Fourth-quarter cash flow from operations of $2.6 billion was down 3% from the prior-year period.
- Returned $0.6 billion to shareholders in the form of share rpurchases and dividends in the fourth quarter.
- Operating company net cash of $3.1 billion was a sequential improvement of $1.2 billion.