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HP reports its last quarter earnings

  • Net revenue down 4% to $13.2 billion YoY
  • Spent $800 million on stock share buy backs
  • Printing division revenue down 5.1% to $4.375 billion
    • Operating margin of 19.9%
    • $872 million in operating profit
    • 65% of revenue is from commercial hardware
      • Revenue down 12% to $1.23 billion
    • 7% of revenue is from consumer hardware
      • Revenue down 22% to $285 million
    • 28% of revenue is from supplies
      • revenue flat = $2.86 billion

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