HP Inc. Reports Fiscal 2019 First Quarter Results


 
HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
 
  Three months ended  Change (%)
  January 31,
2019
  October 31,
2018
  January 31,
2018
  Q/Q  Y/Y
Net revenue:(a)         
Personal Systems         
Notebooks$5,919  $6,165 $5,595 (4)% 6%
Desktops2,857  2,991 2,955 (4)% (3)%
Workstations562  577 543 (3)% 3%
Other319  331 347 (4)% (8)%
Total Personal Systems9,657  10,064 9,440 (4)% 2%
Printing         
Supplies3,267  3,385 3,351 (3)% (3)%
Commercial Hardware1,090  1,203 1,037 (9)% 5%
Consumer Hardware699  712 688 (2)% 2%
Total Printing5,056  5,300 5,076 (5)% —%
Corporate Investments(b)1  2 1 NM NM
Total segments14,714  15,366 14,517 (4)% 1%
Other(b)(4)   NM NM
Total net revenue$14,710  $15,366 $14,517 (4)% 1%
 
(a) Effective at the beginning of its first quarter of fiscal year 2019, HP implemented an organizational change to align its business unit financial reporting more closely with its current business structure. The organizational change resulted in the transfer of certain Samsung-branded product categories from Commercial to Consumer within the Printing segment. HP reflected this change to its business unit information in prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from operations, net earnings or net EPS.
 
(b) "NM" represents not meaningful.
 

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