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1501 Page Mill Road Palo Alto , CA 94304 hp.com Editorial contacts HP Inc. Media Relations Media Relations@hp.com HP Inc. Investor Relations Investor Relations@hp.com News Release HP Inc.'s fiscal 2021 first quarter financial performance HP Inc. Reports Fiscal 2021 First Quarter Results PALO ALTO , CA - ( GlobeNewswire ) - February 25 , 2021 - HP ( NYSE : HPQ ) First quarter GAAP diluted net earnings per share ( " EPS " ) of $ 0.83 , above the previously provided outlook of $ 0.58 to $ 0.64 per share First quarter non - GAAP diluted net EPS of $ 0.92 , above the previously provided outlook of $ 0.64 to $ 0.70 per share First quarter net revenue of $ 15.6 billion , up 7.0 % from the prior - year period First quarter net cash provided by operating activities of $ 1.0 billion , free cash flow of $ 0.9 billion First quarter returned $ 1.6 billion to shareholders in the form of share repurchases and dividends GAAP net revenue ( $ B ) GAAP operating margin GAAP net earnings ( $ B ) GAAP diluted net EPS Non - GAAP operating margin Non - GAAP net earnings ( $ B ) Non - GAAP diluted net EPS Net cash provided by operating activities ( $ B ) Free cash flow ( $ B ) $ LA LA $ $ LA LA LA LA $ $ $ $ Q1 FY21 15.6 $ 8.4 % 1.1 $ 0.83 $ 9.4 % 1.2 0.92 1.0 0.9 $ $ $ $ Q1 FY20 hp 14.6 5.9 % EXHIBIT 99.1 0.7 0.46 8.1 % 1.0 0.65 1.3 1.1 Notes to table Information about HP Inc.'s use of non - GAAP financial information is provided under " Use of non - GAAP financial information " below . Y / Y 7.0 % 2.5 pts 58 % 80 % 1.3 pts 24 % 42 % ( 20 ) % ( 19 ) %