HP Reports First Quarter 2008 Results
— First quarter net revenue up 13%, or $3.4 billion, from a year earlier to $28.5 billion — First quarter GAAP operating profit up 42% to $2.6 billion; $0.80 earnings per share, up from $0.55 a year earlier — First quarter non-GAAP operating profit up 31% to $2.8 billion; $0.86 earnings per share, up from $0.65 a year earlier — Cash flow from operations of $3.2 billion — $3.3 billion of share repurchases