Over the period, revenue grew by 6% to £3.6bn ($7.2bn) while revenue for commercial printer units improved by 21%. An increase of 10% was posted for supplies revenues and printer unit shipments increased 11% year on year.
HP’s net revenue was up 13% to £12.9bn with operating profits of £1.1bn, up 30% on the same period last year.
HP chairman and chief executive Mark Hurd said: “This was a strong performance for HP. We generated $3bn (£1.5bn) of revenue growth, continued to expand earnings and achieved record cash flow from operations.”
HP Q2 RESULTS
• Overall net revenue: £12.9bn, up 13%
• Overall operating profits: £1.1bn, up 30%
• Imaging and printing revenue: £3.6bn, up 6%
• Revenue for commercial printer units up 21%
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"Utilities, paper and ink but probably not transport, couriers, finisher’s for example"
"Bound to be, most likely those not key suppliers along with HMRC"
"And now watch for those reversion charges to come in thick and fast, for the slightest deviation from the mailing specification 😉😂"
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