Company Report

HP has net revenue of $15.6 billion, up 7.0% from the prior-year period in the First quarter

HP Inc. and its subsidiaries (“HP”) announced fiscal 2021 first-quarter net revenue of $15.6 billion, up 7.0% (up 6.6% in constant currency) from the prior-year period.

Personal Systems net revenue was $10.6 billion, up 7% year over year (up 6% in constant currency) with a 7.1% operating margin. Consumer net revenue increased 34% and Commercial net revenue decreased 6%. Total units were up 15% with Notebooks units up 33% and Desktops units down 23%.

Printing net revenue was $5.0 billion, up 7% year over year (up 7% in constant currency) with a 19.8% operating margin. Total hardware units were up 16% with Consumer hardware units up 18% and Commercial hardware units flat. Consumer net revenue increased 55% and Commercial net revenue decreased 11%. Supplies net revenue was up 3% (up 4% in constant currency).

Source: investor.hp.com

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