HP Inc. Reports Fiscal 2023 First Quarter Results


(a)Effective first quarter of fiscal 2023, HP realigned the Personal Systems business units reporting structure into Commercial PS and Consumer PS to align with its customer market segmentation. HP has reflected this change to its prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue and segment earnings from operation, consolidated net revenue, net earnings or net EPS.



HP INC. AND SUBSIDIARIES
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,
2021
  Apr 31,
2021
  Jul 31,
2021
  Oct 31,
2021
  Oct 31,
2021
  Jan 31,
2021
  Apr 31,
2021
  Jul 31,
2021
  Oct 31,
2021
  Oct 31,
2021
  Jan 31,
2021
  Apr 31,
2021
  Jul 31,
2021
  Oct 31,
2021
  Oct 31,
2021
Net revenue:                                                          
Previous sub-segment                                                          
Notebooks $     $     $   $     $     $ 7,366     $ 7,489     $ 7,328   $ 8,339     $ 30,522     $ (7,366 )   $ (7,489 )   $ (7,328 )   $ (8,339 )   $ (30,522 )
Desktops                               2,400       2,225       2,246     2,510       9,381       (2,400 )     (2,225 )     (2,246 )     (2,510 )     (9,381 )
Workstations                               382       407       388     492       1,669       (382 )     (407 )     (388 )     (492 )     (1,669 )
Other                               455       434       444     454       1,787       (455 )     (434 )     (444 )     (454 )     (1,787 )
Revised sub-segment                                                          
Consumer PS   4,378       3,955       3,884     4,293       16,510                                   4,378       3,955       3,884       4,293       16,510  
Commercial PS   6,225       6,600       6,522     7,502       26,849                                   6,225       6,600       6,522       7,502       26,849  
Personal Systems (a)   10,603       10,555       10,406     11,795       43,359       10,603       10,555       10,406     11,795       43,359                                
Supplies   3,146       3,337       3,092     3,057       12,632       3,146       3,337       3,092     3,057       12,632                                
Commercial Printing   957       1,085       1,070     1,097       4,209       957       1,085       1,070     1,097       4,209                                
Consumer Printing   941       901       720     725       3,287       941       901       720     725       3,287                                
Printing   5,044       5,323       4,882     4,879       20,128       5,044       5,323       4,882     4,879       20,128                                
Corporate Investments         1           2       3             1           2       3                                
Total segment   15,647       15,879       15,288     16,676       63,490       15,647       15,879       15,288     16,676       63,490                                
Other   (1 )     (2 )     1     (1 )     (3 )     (1 )     (2 )     1     (1 )     (3 )                              
Total net revenue $ 15,646     $ 15,877     $ 15,289   $ 16,675     $ 63,487     $ 15,646     $ 15,877     $ 15,289   $ 16,675     $ 63,487     $     $     $     $     $  

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