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 Sponsored by HPE Aruba Networking Bringing the data processing unit (DPU) revolution to your data center By Mark Berly, CTO Data Center Networking, HPE Aruba Networking Dec 04, 2023 4 mins Data Center brandpost Sponsored by SAP What goes well with Viña Concha y Toro wines? Meat, fish, poultry, and SAP Viña Concha y Toro, a wine producer that distributes to more than 140 countries worldwide, paired its operation with the SAP Business Technology Platform to enhance its operation and product. By Tom Caldecott, SAP Contributor Dec 04, 2023 4 mins Digital Transformation brandpost Sponsored by Azul How to maximize ROI by choosing the right Java partner for your organization Choosing the right Java provider is a critical decision that can have a significant impact on your organization’s success. By asking the right questions and considering the total cost of ownership, you can ensure that you choose the best Java p By Scott Sellers Dec 04, 2023 5 mins Application Management brandpost Sponsored by DataStax Ask yourself: How can genAI put your content to work? Generative AI applications can readily be built against the documents, emails, meeting transcripts, and other content that knowledge workers produce as a matter of course. By Bryan Kirschner Dec 04, 2023 5 mins Machine Learning Artificial Intelligence 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