惠普公司HP Inc. (HPQ) 2012年年度报告「NYSE」.pdf

1、Meg WhitmanPresident and CEOThe Year in ReviewIn the first year of our turnaround effort,we provided a frank assessment of the challenges facing HP,laid out clear strategies at all levels of the corporation,and mapped out our journey to restore HPs financial performance.Most importantly,we did what

2、we said we would do in fiscal 2012 we began taking action to bring costs in line with the revenue trajectory of the business and met our full-year non-GAAP earnings per share outlook.We have just completed year one of our journey,and we are already seeing tangible proof that the steps we have taken

3、are working.This includes generating$10.6 billion in cash flow from operations for fiscal 2012.HP used that cash to make significant progress in rebuilding our balance sheet reducing our net debt by$5.6 billion during the year and returned$2.6 billion to stockholders in the form of share repurchases

4、 and dividends.Our efforts in fiscal 2012 also included beginning to tackle the structural and execution issues we identified,and building the foundation we need to improve our performance in the face of dynamic market trends and macroeconomic challenges.$10.6Bin cash flow from operations for fiscal

5、 20121Dear Stockholders,Fiscal 2012 was the first year in a multi-year journey to turn HP around.We diagnosed the problems facing the company,laid the foundation to fix them,and put in place a plan to restore HP to growth.We know where we need to go,and we are starting to make progress.This foundati

6、on includes assembling a strong leadership team and investing in systems and tools that make it easier for us to manage our business,allocate resources,and prioritize investment dollars.For example,to better empower and enable our sales teams,we successfully rolled out a new customer relationship ma