HP Inc. Reports Fiscal 2018 Second Quarter Results

(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 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.
 

(b) "NM" represents not meaningful.

 
HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
 
  Six months ended April 30,  Change (%)
  2018  2017  Y/Y
Net revenue:(a)     
Personal Systems     
Notebooks$10,748  $9,383  15%
Desktops5,707  4,911  16%
Workstations1,081  986  10%
Other666  589  13%
Total Personal Systems18,202  15,869  15%
Printing     
Supplies6,785  6,223  9%
Commercial Hardware2,256  1,775  27%
Consumer Hardware1,276  1,194  7%
Total Printing10,317  9,192  12%
Corporate Investments2  5  (60)%
Total segments28,521  25,066  14%
Other(b)(1) 3  NM
Total net revenue$28,520  $25,069  14%
           

(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 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.
 

(b) "NM" represents not meaningful.

 
HP INC. AND SUBSIDIARIES
SEGMENT OPERATING MARGIN SUMMARY
(Unaudited)
    
  Three months ended  Change in Operating Margin (pts)
  April 30,
2018
  January 31,
2018
  April 30,
2017
  Q/Q   Y/Y
Segment operating margin: (a)                  
Personal Systems 3.8 %   3.6 %   3.2 %   0.2 %   0.6 %
Printing 16.0 %   15.8 %   17.3 %   0.2 %   (1.3 )%
Corporate Investments (b)     NM       NM       NM       NM       NM
Total segments 8.2 %   7.7 %   8.4 %   0.5 %   (0.2 )%
                             

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »
Featured Video
Jobs
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Equipment Engineer, Raxium for Google at Fremont, California
Upcoming Events
World Architecture Festival 2024 at Marina Bay Sands Singapore - Nov 6 - 8, 2024
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise