HP beats estimates, manages $16.7 billion in revenue in FY21 Q4
HP's fiscal year 2022 results are in, giving the states a look at how the company did both in its 4th quarter too every bit for the year 2022 in its entirety. The answer is, every bit always, that HP fabricated a lot of money. This quarter, information technology beat Wall Street estimates and delivered to shareholders with $sixteen.7 billion in quarterly internet revenue. That's a nine.three% year-over-year (YoY) jump from the same quarter last twelvemonth.
The Personal Systems segment of HP's business pulled in $eleven.8 billion in quarterly revenue, which is a 13% spring from the previous year. Consumer PC revenue took a dip of 3% YoY, while commercial PC revenue went upwards by 25%. Units were upward by 2% for desktops and down by ix% for notebooks, though HP is still competitive in the latter sector when compared with peers Dell and Lenovo.
Quarterly printing revenue was $4.9 billion, representing "only" 1% in YoY gains. Much like with the PC side of the concern, commercial acquirement was up, and consumer revenue was down.
Equally for annual figures now that HP's fiscal yr has ended, the company saw a 12.ane% increase in the annual revenue department with a final booty of $63.5 billion. The acquirement results interpret to $6.5 billion in GAAP net earnings, though HP has attached a annotation to that figure regarding Oracle: "GAAP net earnings and Net cash provided past operating activities includes a net impact of $one,771 million for quondam Oracle Corporation ("Oracle") litigation proceeds. This has resulted in an impact of $1.55 and $1.45 on the GAAP diluted net earnings per share for the three and twelve months ended October 31, 2022, respectively."
You can see the full report at HP'southward site, wherein it lists many, many other figures pertaining to its quarterly and annual earnings. And if you lot desire perspective on how HP is stacking upwards confronting its competitors, you lot can find Lenovo's recent quarterly results right here on Windows Central.
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Source: https://www.windowscentral.com/hp-beats-estimates-manages-167-billion-revenue-fy21-q4
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