Quick answer: Yes it does.
I set up a simple scene to test this. Cube scaled up be 10, set as the Fluid Domain. Added cylinder set as Fluid Inflow. I then baked, and it dripped out of the cylinder, landing on the bottom of the domain.
If you would like, here is a .blend file with my test scene, however you may need to bake the fluid sim again (should take about a minute):
http://blend-exchange.giantcowfilms.com/embedImage.png?bid=1704