(a) Certain fiscal 2012 organizational reclassifications have been
reflected retroactively to provide improved visibility and
comparability. For each of the quarters in fiscal year 2011, the
reclassifications resulted in the transfer of revenue and operating
profit among the Services, Imaging and Printing Group, Enterprise
Servers, Storage and Networking, Software and Corporate Investments
financial reporting segments. Reclassifications between segments
included the transfer of Indigo Scitex support and the LaserJet and
enterprise solutions trade support businesses from Services to the
Imaging and Printing Group, the transfer of the business intelligence
services business from Corporate Investments to Services, the transfer
of the information management services business from Software to
Services, and the transfer of the Tipping Point business from
Enterprise Servers, Storage and Networking to Software. There was no
impact on the previously reported financial results for the Personal
Systems Group and HP Financial Services segments.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CALCULATION OF NET EARNINGS PER SHARE
(Unaudited)
(In millions except per share amounts)
Three months ended
----------------------------------------------
January 31, October 31, January 31,
2012 2011 2011
-------------- -------------- --------------
Numerator:
GAAP net earnings $ 1,468 $ 239 $ 2,605
============== ============== ==============
Non-GAAP net earnings $ 1,832 $ 2,350 $ 3,030
============== ============== ==============
Denominator:
Weighted-average shares
used to compute basic EPS 1,981 1,989 2,182
Dilutive effect of employee
stock plans 17 16 44
-------------- -------------- --------------
Weighted-average shares
used to compute diluted
EPS 1,998 2,005 2,226
============== ============== ==============
GAAP net earnings per share:
Basic(a) $ 0.74 $ 0.12 $ 1.19
Diluted(c) $ 0.73 $ 0.12 $ 1.17
Non-GAAP net earnings per
share:
Basic(b) $ 0.92 $ 1.18 $ 1.39
Diluted(c) $ 0.92 $ 1.17 $ 1.36
