HP reported last quarter’s earnings

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HP reported last quarter’s earnings

For quarter that ended on 4/30/2022

Net revenue up 3.9% to $16.5 billion
Net earnings down from $1.2 billion to $1 billion
Printing Group division net revenue down 7% to $5 billion
- Operating profit up to $958 million
- Operating margin of 19.3%
- Supplies revenue down 6%
- Commercial revenue down 4%
- Consumer revenue down 12%
- Total hardware units down 23%
- “double digit” growth for ink tank color inkjet devices
  - 48% of total printer shipments

6/7/229:42 PM

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HP reported last quarter’s earnings

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