HP Inc. Reports Fiscal 2019 Third Quarter Results

(b) "NM" represents not meaningful.


HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)

  Nine months ended  Change (%)
  July 31, 2019  July 31, 2018  Y/Y
Net revenue:(a)     
Personal Systems     
Notebooks$16,648  $16,382  2%
Desktops8,908  8,576  4%
Workstations1,740  1,669  4%
Other972  970  %
Total Personal Systems28,268  27,597  2%
Printing     
Supplies9,762  10,190  (4)%
Commercial Hardware3,429  3,311  4%
Consumer Hardware1,893  2,004  (6)%
Total Printing15,084  15,505  (3)%
Corporate Investments(b)2    3     NM  
Total segments 43,354     43,105     1 %
Other (b)
(5 )   1     NM  
Total net revenue $ 43,349     $ 43,106     1 %

(a) 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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