A positive tax settlement led Hewlett-Packard (HP) to revise upward its previously announced financial results for the second quarter, the company announced Tuesday.HP reached a settlement with the U.S. Internal Revenue Service (IRS) last week regarding its tax returns from 1996 to 1998, boosting net income for the three months ending April 30 by US$443 million, or $0.15 per share, HP said. Net income for the quarter was revised to $1.9 billion, or $0.66 per share.As a result of the change, HP, of Palo Alto, Calif., also revised its forecast for its full-year results. It now expects net earnings per share in the range of $2.02 to $2.06, it said.The settlement was signed by the IRS after HP’s second quarter ended, the company said. -Steven Schwankert, IDG News ServiceCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content BrandPost Leadership superpower: Succeeding sustainably As today's great leaders recognize, true success is not solely measured by the bottom line but also by the impact a business has on its stakeholders, including employees, partners, and the environment. By Marie Kalliney, Practice Leader, Digital Transformation Services, Broadcom Mar 28, 2023 5 mins IT Leadership BrandPost Helping the C-suite leverage their network as a business-boosting asset By Tanya O'Hara Mar 28, 2023 3 mins IT Leadership Opinion 5 hard questions every IT leader must answer Strong leadership is vital to IT success — and shouldn’t be taken for granted. Continual self-reflection is essential for knowing whether it’s time to restructure your approach to leading IT. By Thornton May Mar 28, 2023 5 mins Business IT Alignment IT Leadership Feature CIOs address the impact of hybrid work Assessing how some of the most progressive CIOs strive to provide both technological and emotional support for a dispersed workforce. By Pat Brans Mar 28, 2023 8 mins CIO Remote Work Employee Experience Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe