HP Inc. Reports Fiscal 2023 Full Year and Fourth Quarter Results


HP INC. AND SUBSIDIARIES
SEGMENT OPERATING MARGIN SUMMARY
(Unaudited)
 
  Three months ended  Change (pts)
  October 31, 2023  July 31, 2023  October 31, 2022  Q/Q  Y/Y
Segment operating margin:(a)         
Personal Systems6.7% 6.6% 4.2% 0.1pts 2.5pts
Printing18.9% 18.6% 19.7% 0.3pts (0.8)pts
Corporate Investments(b)NM NM NM NM NM
Total segment10.3% 10.3% 8.6% —pts 1.7pts


  Twelve months ended  Change (pts)
  October 31, 2023  October 31, 2022  Y/Y
Segment operating margin:(a)     
Personal Systems6.0% 6.3%  (0.3)pts
Printing 18.9 %   19.1 %   (0.2)pts
Corporate Investments (b) NM   NM   NM
Total segment 10.0 %   9.8 %   0.2pts
               
(a)   Effective at the beginning of the first quarter of fiscal 2023, in connection with organizational realignments, certain costs which were earlier reflected under “Corporate and unallocated cost and other”, have now been reclassified to the Personal Systems and Printing segments. 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, consolidated net revenue, net earnings or net EPS.
(b)   "NM" represents not meaningful.
 



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