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HP Inc. posts last quarter’s earnings

Net revenue up 8.8% to $17 million

  • Spent $1.8 billion buying back its stock
  • Printing division revenue down 4.2% to $4.831 billion
    • Non-GAAP operating profit of $879 million
    • 18.2% operating margin
    • Supplies revenue down 2%
    • Total hardware units down 28%
      • Commercial revenue up 9%
      • Consumer revenue down 23%

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