HP Inc. Reports Fiscal 2021 Full Year and Fourth Quarter Results


 HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
 


  Three months ended  Change (%)
  October 31, 2021  July 31, 2021  October 31, 2020  Q/Q  Y/Y
Net revenue:         
Notebooks$8,339  $7,328  $7,405  14 %  13 % 
Desktops2,510  2,246  2,253  12 %  11 % 
Workstations492  388  355  27 %  39 % 
Other454  444  419   2  %    8  % 
Personal Systems 11,795     10,406     10,432     13  %    13  % 
Supplies 3,057     3,092     3,131     (1 ) %   (2 ) %
Commercial 1,097     1,070     923     3  %    19  % 
Consumer 725     720     772     1  %    (6 ) %
Printing 4,879     4,882     4,826      %    1  % 
Corporate Investments (a) 2             NM     NM  
Total segment net revenue 16,676     15,288     15,258     9  %    9  % 
Other (a) (1 )   1         NM     NM  
Total net revenue $ 16,675     $ 15,289     $ 15,258     9  %    9  % 
                   
Earnings before taxes:                  
Personal Systems $ 764     $ 869     $ 528          
Printing 830     857     713          
Corporate Investments (14 )   (20 )   (27 )        
Total segment earnings from operations 1,580     1,706     1,214          
Corporate and unallocated cost and other (164 )   (134 )   (103 )        
Stock-based compensation expense (70 )   (69 )   (57 )        
Restructuring and other charges (29 )   (56 )   (31 )        
Acquisition-related charges (28 )   (24 )   (2 )        
Amortization of intangible assets (51 )   (42 )   (29 )        
Interest and other, net 2,315     (55 )   (216 )        
Total earnings before taxes $ 3,553     $ 1,326     $ 776          

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