HP Inc. has been finding both tailwinds and headwinds in the COVID-19 crisis, with businesses such as 3-D print getting a boost and managed print services among the hard-hit segments.
On Wednesday, the Palo Alto, Calif.-based PC and print giant disclosed results for its second quarter of fiscal 2020, ended April 30. The quarter saw net revenue sink 11.2 percent from the same period a year earlier, to $12.47 billion, while GAAP diluted net earnings came in at 53 cents per share, above the company's previous guidance of 46 cents to 50 cents per share.
In two conference calls on Wednesday, including one in which CRN participated, HP executives including CEO Enrique Lores and CFO Steve Fieler shared details on the impacts from the coronavirus pandemic so far, as well as on the outlook for coming quarters. READ THE REST HERE