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HP Inc. reports quarterly earnings

  • print business revenue grew 7% year-over-year to reach $5.04 billion
  • 19.8% operating margin
  • 55% surge in consumer print revenue
  • 18% growth in consumer hardware units
  • Supplies revenue climbed 3%
  • added 1 million new Instant Ink subscriptions during the quarter to reach 9 million subscribers in total.
  • Commercial printer/MFP revenue fell 11%
    • commercial hardware units were flat.

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