The Recycler
  • Katun web banner December 2022 NEW
  • Ambiente 2025 Masthead
  • Biuromax Masthead web banner March 2024
  • G&G Masthead August 2024

HP’s hardware sales down

August 23, 2019

HP Inc. announced fiscal 2019 third quarter net revenue of $14.6 billion (€13.11 billion), up 0.1 percent from the prior-year period although hardware sales and supplies sales are down.

HP reports that printing net revenue was down five percent year-on-year with a 15.6 percent operating margin. Total hardware units were down nine percent with commercial hardware units down four percent and consumer hardware units down ten percent. Supplies net revenue was down seven percent.

The OEM stated that it recorded continued revenue growth in contractual businesses including Instant Ink and MPS, its 3D ecosystem continues to expand with the opening of its Barcelona innovation centre and that innovations launched included its Neverstop, the world’s first toner tank, designed for small businesses in emerging markets and two extended JetIntelligence devices were introduced into the A3 portfolio. Total revenue for the segment in the third quarter was $4.9 billion (€4.4 billion) with an operating profit of $765 million (€686 million). Supplies revenue was recorded to be down seven percent year-on-year.

“We continued to deliver strong free cash flow and non-GAAP EPS growth, while raising our non-GAAP EPS outlook,” said Dion Weisler, HP’s President and CEO. “We are delivering industry leading innovation across our portfolio, and I am confident we are taking the right actions to position HP for the future.”

Personal Systems net revenue was up three percent year over year with a 5.6 percent operating margin. Commercial net revenue increased ten percent and consumer net revenue decreased 11 percent. Total units were up five percent with Notebooks units up two percent and Desktops units up 11 percent.

Categories : City News

Tags : Business Financials HP Inc OEM

  • G&G web advert October 2024
  • GM Technology October 2024
  • Static Control June 2022 Big & Bold Ad
  • Cartridge Web Nov Web Banner
  • Ink Tank No Web advert
  • IR Italiana Web ad January 2021
  • TN Core Nov Web advert
  • Biuromax web banner July 2024
  • Apex Web ad Nov 2024
  • Zhono Web ad March 2024
  • denner UK Web Banner Jul 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • ITP Web ad January 2021
  • PCL Nov Web advert
  • CET Web ad December 2023
  • Mito Web banner June 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • PCL Nov Web advert
  • denner UK Web Banner Jul 2024
  • Mito Web banner June 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • ITP Web ad January 2021
  • HYB Web banner Jan 2024
  • Mito Web banner June 2024
  • Zhono Web ad March 2024
  • PCL Nov Web advert
  • CET Web ad December 2023
  • denner UK Web Banner Jul 2024
  • ITP Web ad January 2021
  • Denner Feb 2024 Web Ad

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark