HP reports on last quarter’s earnings
Total revenue down 9.9% to $13.2 billion
- Reduced long term debt of $1.1 billion
- Printing division revenue down 6.8% to $4.263 billion
o 18.6% operating profit margin
o $794 million in operating profit, down 12.7%
o Total hardware units down 19%
§ Consumer use units down 20%
§ Commercial use units (MFPs, office printers) down 8%
o Commercial printing hardware revenue down 6%
§ Consumer printing hardware revenue down 28%
o Supply revenue down 2%, and accounts to 65% of division revenue
§ 23% of total is commercial printing equipment
§ 12% of total is consumer printing devices
- HP’s current market value = $30 billion