HP Inc. Reports Fiscal 2019 Second Quarter Results

 
  • "NM" represents not meaningful.
  •  HP INC. AND SUBSIDIARIES
    SEGMENT/BUSINESS UNIT INFORMATION
    (Unaudited)
    (In millions)
     


      Six months ended  Change (%)
      April 30, 2019  April 30, 2018  Y/Y
    Net revenue:(a)     
    Personal Systems     
    Notebooks$11,018  $10,748  3%
    Desktops5,797  5,707  2%
    Workstations1,131  1,081  5%
    Other632  666  (5)%
    Total Personal Systems18,578  18,202  2%
    Printing     
    Supplies6,598  6,785  (3)%
    Commercial Hardware2,269  2,182  4%
    Consumer Hardware1,305  1,350  (3)%
    Total Printing10,172  10,317  (1)%
    Corporate Investments(b)1  2  NM 
    Total segments28,751  28,521  1%
    Other(b)

    (5) (1) NM 
    Total net revenue$28,746  $28,520  1%
    1. Effective at the beginning of its first quarter of fiscal year 2019, HP implemented an organizational change to align its business unit financial reporting more closely with its current business structure. The organizational change resulted in the transfer of certain Samsung-branded product categories from Commercial to Consumer within the Printing segment. HP reflected this change to its business unit information in prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from operations, net earnings or net EPS.
       
    2. "NM" represents not meaningful.


     HP INC. AND SUBSIDIARIES
    SEGMENT OPERATING MARGIN SUMMARY
    (Unaudited)
     


      Three months ended  Change in Operating Margin (pts)
      April 30, 2019  January 31, 2019  April 30, 2018  Q/Q  Y/Y
    Segment operating margin:(a)         
    Personal Systems4.3% 4.2% 3.8% 0.1pts 0.5pts
    Printing 16.4 %   16.2 %   16.0 %   0.2 pts   0.4 pts
    Corporate Investments (b) NM     NM     NM     NM   NM
    Total segments 8.5 %   8.2 %   8.2 %   0.3 pts   0.3 pts
    1. Effective at the beginning of its first quarter of fiscal year 2019, HP implemented an organizational change to align its business unit financial reporting more closely with its current business structure. The organizational change resulted in the transfer of certain Samsung-branded product categories from Commercial to Consumer within the Printing segment. HP reflected this change to its business unit information in prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from operations, net earnings or net EPS.

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