HP Inc. Reports Fiscal 2017 Third Quarter Results
(a) Effective at the beginning of its first quarter of fiscal year 2017, HP implemented an organizational change to align its business unit financial reporting more closely with its current business structure. The organizational change resulted in transfer of a portion of LaserJet printers 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 which resulted in reclassification of revenues between the Commercial and Consumer business units of Printing. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from continuing operations, net earnings or net earnings per share.
(b) "NM"- Not Meaningful.
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HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions) |
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Nine months ended July 31 | | |
Change (%) |
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2017 | | |
2016 | | |
Y/Y |
Net revenue:(a) | | | | | | | | | |
Personal Systems | | | | | | | | | |
Notebooks | | | $ | 14,391 | | | | $ | 12,346 | | | | 17 | % |
Desktops | | | 7,477 | | | | 7,384 | | | | 1 | % |
Workstations | | | 1,516 | | | | 1,381 | | | | 10 | % |
Other | | | 906 | | | | 858 | | | | 6 | % |
Total Personal Systems | | | 24,290 | | | | 21,969 | | | | 11 | % |
Printing | | | | | | | | | |
Supplies | | | 9,284 | | | | 9,040 | | | | 3 | % |
Commercial Hardware | | | 2,854 | | | | 2,928 | | | | (3 | )% |
Consumer Hardware | | | 1,786 | | | | 1,734 | | | | 3 | % |
Total Printing | | | 13,924 | | | | 13,702 | | | | 2 | % |
Corporate Investments | | | 7 | | | | 6 | | | | 17 | % |
Total segments | | | 38,221 | | | | 35,677 | | | | 7 | % |
Net revenue eliminations and other(b) | | | (92 | ) | | | 49 | | | | NM | |
Total net revenue | | | $ | 38,129 | | | | $ | 35,726 | | | | 7 | % |