Q4 and Full Year Results Released

HP Inc claims it saw an 8% decrease in its printing net revenue in the financial results of its fourth quarter. However, the same segment delivered an operating profit margin of 14%.

The Quarterly and Annual Reports show that the net revenue of HP for 4Q2016 was $12.5 billion, a growth of 2% compared to the same period last year. The company’s total net revenue of fiscal 2016 was $48.2 billion, 6% decline year-on-year (YoY).

In the fourth quarter, the net revenue of printing segment fell 8% YoY to $4.558 billion, accounting for 36% of the total net revenue of HP. The proportion consists of printing supplies, printing commercial hardware and printing consumer hardware. The operating margin of the printing segment in Q4 was 14.0%, taking 65% of the total $1.0 billion operating profit.

The printing segment’s net revenue of fiscal 2016 was $18.26 billion, down 14%, with a 17.1% operating profit margin.

“We delivered on our full year financial commitments and executed well on our strategy to protect our core, drive growth and invest in our future all while taking cost out of the business,” said Dion Weisler, HP Inc President and CEO. “As we’ve proved quarter over quarter, we are confident in our abilities to execute and deliver, while making business decisions focused on the long-term success for the company.”

For more detail, please visit hp.com.

You’re Welcome to Contact Us!
You can provide opinions and comments on this story!
Or you can send us your own story!
Please contact us, via editor@RTMWorld.com