HP Inc. Reports Fiscal 2018 First Quarter Results

(a) Includes any dilutive effect of restricted stock units, stock options and performance-based awards.  

                                                            
HP INC. AND SUBSIDIARIES
FISCAL 2017 SEGMENT / BUSINESS UNIT INFORMATION (Revised)
(Unaudited)
(In millions)
                                                            
  REVISED AMOUNTS  AMOUNTS AS PREVIOUSLY REPORTED  CHANGE
  Three months ended  Twelve
months
ended
  Three months ended  Twelve
months
ended
  Three months ended  Twelve
months
ended
  Jan 31,
2017
  Apr 30,
2017
  July 31,
2017
  Oct 31,
2017
  Oct 31,
2017
  Jan 31,
2017
  Apr 30,
2017
  July 31,
2017
  Oct 31,
2017
  Oct 31,
2017
  Jan 31,
2017
  Apr 30,
2017
  July 31,
2017
  Oct 31,
2017
  Oct 31,
2017
Net revenue:(a)                                                              
                                                                                                                       
Personal Systems                                                                                                                      
  Notebooks $ 4,890     $ 4,493     $ 5,008     $ 5,391     $ 19,782     $ 4,890     $ 4,493     $ 5,008     $ 5,391     $ 19,782     $     $     $     $     $  
Desktops 2,534     2,377     2,566     2,821     10,298     2,534     2,377     2,566     2,821     10,298                      
Workstations 491     495     530     526     2,042     491     495     530     526     2,042                      
Other 301     288     281     329     1,199     309     297     300     346     1,252     (8 )   (9 )   (19 )   (17 )   (53 )
Total Personal Systems 8,216     7,653     8,385     9,067     33,321     8,224     7,662     8,404     9,084     33,374     (8 )   (9 )   (19 )   (17 )   (53 )
Printing                                                          
Supplies 3,035     3,188     3,145     3,156     12,524     3,007     3,157     3,120     3,132     12,416     28     31     25     24     108  
Commercial Hardware 839     936     940     1,077     3,792     886     982     986     1,119     3,973     (47 )   (46 )   (46 )   (42 )   (181 )
Consumer Hardware 590     604     592     626     2,412     590     604     592     626     2,412                      
Total Printing 4,464     4,728     4,677     4,859     18,728     4,483     4,743     4,698     4,877     18,801     (19 )   (15 )   (21 )   (18 )   (73 )
Corporate Investments 2     3     2     1     8     2     3     2     1     8                      
Total segments 12,682     12,384     13,064     13,927     52,057     12,709     12,408     13,104     13,962     52,183     (27 )   (24 )   (40 )   (35 )   (126 )
Other 2     1     (4 )       (1 )   (25 )   (23 )   (44 )   (35 )   (127 )   27     24     40     35     126  
Total net revenue $ 12,684     $ 12,385     $ 13,060     $ 13,927     $ 52,056     $ 12,684     $ 12,385     $ 13,060     $ 13,927     $ 52,056     $     $     $     $     $  
                                                                                                                       

(a) Effective at the beginning of its first quarter of fiscal year 2018, HP implemented an organizational change to align its segment and business unit financial reporting more closely with its current business structure. The organizational change resulted in the transfer of a portion of long life consumables from Commercial to Supplies within the Printing segment. Certain revenues related to service arrangements, which are being eliminated for the purposes of reporting HP’s consolidated net revenue, have now been reclassified from Other to segments. HP has reflected this change to its segment and business unit information in prior reporting periods on an as-if basis. The reporting change had no impact to previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.

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