HP Inc. posts its last quarter’s earnings
- Net revenue down 21.7% to $12.9 billion
- Operating margin down from 7.8% to 5.9%
- Spend on R&D down to $410 million
- Spent $200 million on restructuring
- Net earnings of $1.066 billion
- Total liabilities of $24 billion
- Long term debt of $10.36 billion
- Printing division (MFPs, printers, PPS, etc.) revenue down 5% to $4.7 billion
- Operating margin down to 19%
- Consumer product revenue down 19% to $641 million
- Commercial product revenue up 5% to $1.089 billion
- Supplies revenue down 4% to $3 billion
- Total units down 4%
- Consumer units down 5%
- Commercial units no change