The Recycler
  • Katun Dec 2022 Masthead Banner
  • Static Control June 2022 Masthead Ad
  • Ninestar web banner November 2022 Masthead
  • Biuromax Web banner June 2022

HP Inc. grows instant ink to over 11 million subscribers

March 1, 2022

HP Inc. and its subsidiaries (HP) announced fiscal 2022 first quarter net revenue of $17.0 billion (€15.2 billion), up 8.8% from the prior-year period but printing net revenue down 4%.

Printing net revenue was $4.8 billion (€4.3 billion), down 4% year over year with a 18.2% operating margin. Consumer net revenue was down 23% and Commercial net revenue was up 9%. Supplies net revenue was down 2%. Total hardware units were down 28% overall, with Consumer units down 31% and Commercial units down 3%. 

Personal Systems net revenue was $12.2 billion (€10.9 billion), up 15% year over year (up 14% in constant currency) with a 7.8% operating margin. Consumer net revenue decreased 1% and Commercial net revenue increased 26%. Total units were down 6% with Notebooks units down 9% and Desktops units up 3%.

Talking about its key growth areas, HP said that in its workforce solutions, the company has been driving more integrated offerings across Personal Systems and Print, with growth in Device as a Service (DaaS) offsetting softness in Managed Print Services (MPS). The company said for the quarter it has seen solid performance with its instant ink programme, with over 11 million subscribers, the company has seen double digit growth in revenue.

“We once again delivered strong top and bottom-line results with record revenue driven by strong demand and our leadership in hybrid,” said Enrique Lores, HP President and CEO. “Our Q1 performance was particularly strong across our key growth areas that collectively grew double digits including gaming, peripherals, workforce solutions, consumer subscriptions, and industrial graphics and 3D. Our performance reflects progress against our strategy to build a stronger HP.”

Categories : City News

Tags : Business Financials HP Inc Instant Ink revenue

  • GPI December 2022 Web ad
  • GM Tech Web ad September 2022
  • IR Italiana Web ad January 2021
  • Apex Web Ad September 2022
  • Ink Tank december 2022 Web Advert
  • Aster November 2022 Web advert
  • GM Technology Web 2022 Ad
  • Mito December 2022 Web banner
  • Static Control June 2022 Big & Bold Ad
  • Zhono Web Ad October 2022
  • CET June 2022 Web ad
  • ITP Web ad January 2021
  • CTS New Ad March 2022
  • PCL Web ad January 2021
  • HYB October 2022 Web banner
  • HYB October 2022 Web banner
  • PCL Web ad January 2021
  • CET June 2022 Web ad
  • CTS New Ad March 2022
  • Zhono Web Ad October 2022
  • ITP Web ad January 2021
  • PCL Web ad January 2021
  • Zhono Web Ad October 2022
  • CET June 2022 Web ad
  • CTS New Ad March 2022
  • HYB October 2022 Web banner
  • ITP Web ad January 2021

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark