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HP Inc. Reports Fiscal 2020 Full Year, 4Q Results

Reports fiscal 2020 net cash provided by operating activities of $4.3 billion, free cash flow of $3.9 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

HP announced fiscal 2020 net revenue of $56.6 billion, down 3.6% (down 2.3% in constant currency) from the prior-year period.   Fiscal 2020 GAAP diluted net EPS was $2.00, down from $2.07 in the prior-year period and above the previously provided outlook of $1.83 to $1.87.   Fourth quarter net revenue was $15.3 billion, down 1% (up 0.1% in constant currency) from the prior-year period and up 7% sequentially.    Fourth quarter GAAP diluted net EPS was $0.49, up from $0.26 in the prior...

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