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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

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