HP’s quarterly revenue gains on thriving business demand

Still, the results pointed to some potential issues ahead for the hardware company as consumer spending fell for personal computers and printers.

HP said Personal Systems division revenue increased 9.2% to $11.5 billion, led by commercial sales. But consumer sales declined 6% and notebook units declined 23% in the period, which ended April 30. Printing revenue declined 7% to $5 billion, with total hardware units down 23%. PC shipments industrywide declined 6.8% in the first three months of the year, spurred by reduced demand particularly for Chromebooks used by schools.

“Despite the softer consumer, we’re certainly seeing strength on commercial,” said HP chief financial officer Marie Myers in an interview. “The commercial side is approximately 65% of our portfolio now and I think that’s a trend that’s going to continue.”

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

JONATHAN COOK: Times such as these demand that business leaders be coachesOwners and managers of businesses need to both help their people perform at their best and support their mental health and happiness
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

The Fleet Industry has spoken and we have listened!Bidvest Bank has explored and identified efficiency gains to reveal opportunities – Fleet Management Re-Imagined.
Herkunft: BusinessTechSA - 🏆 24. / 61 Weiterlesen »