November 22, 2017
The OEM has published both its full-year and fourth-quarter results for this fiscal year, reporting an increase in net revenue compared to last year.
HP Inc reported a fiscal year 2017 net revenue of $52.1 billion (€44.32 billion), an increase of 8 percent from the prior-year period (and up 9 percent in constant currency).
Q4 net revenue was reported at $13.9 billion (€11.82 billion), an increase of 11 percent (12 percent in constant currency) from the same period last year.
The company’s fiscal 2017 fourth quarter segment results are as follows:
- Personal Systems net revenue was up 13 percent year-on-year (up 14 percent in constant currency) with a 3.8 percent operating margin. Commercial net revenue increased 11 percent and Consumer net revenue increased 18 percent. Total units were up 6 percent with Notebooks units up 8 percent and Desktops units up 2 percent.
- Printing net revenue was up 7 percent year-on-year (up 7 percent in constant currency) with a 16.6 percent operating margin. Total hardware units were up 3 percent with Commercial hardware units flat and Consumer hardware units up 3 percent. Supplies net revenue was up 10 percent (up 11 percent in constant currency).
In addition, HP’s net cash provided by operating activities in the fourth quarter was $0.7 billion (€0.59 billion), and in total HP generated $3.7 billion (€3.14 billion) in net cash provided by operating activities and $3.3 billion (€2.807 billion) of free cash flow in fiscal 2017.
“Our results demonstrate that HP is strong and getting stronger,” said Dion Weisler, President and CEO, HP Inc. “We posted top-line growth across both Personal Systems and Print, with broad-based, double-digit growth in all three regions, while also growing operating profit and non-GAAP EPS year-over-year.”
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