HP Inc. Reports Fiscal 2020 Second Quarter Results

(a) "NM" represents not meaningful.

 



 
HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
 
  Six months ended  Change (%)
  April 30, 2020  April 30, 2019  Y/Y
Net revenue:     
Notebooks$11,057  $11,018  %
Desktops5,332  5,797  (8)%
Workstations1,033  1,131  (9)%
Other783  632  24%
Personal Systems18,205  18,578  (2)%
Supplies5,882  6,598  (11)%
Commercial Hardware1,884  2,269  (17)%
Consumer Hardware1,116  1,305  (14)%
Printing8,882  10,172  (13)%
Corporate Investments(a)1  1  NM
Total segment net revenue27,088  28,751  (6)%
Other(a) (1 )   (5 )   NM
Total net revenue $ 27,087     $ 28,746     (6 )%
           
Earnings before taxes:          
Personal Systems $ 1,214     $ 795      
Printing 1,302     1,660      
Corporate Investments (27 )   (48 )    
Total segment earnings from operations 2,489     2,407      
Corporate and unallocated cost and other (196 )   (177 )    
Stock-based compensation expense (172 )   (173 )    
Restructuring and other charges (372 )   (124 )    
Acquisition-related charges (3 )   (21 )    
Amortization of intangible assets (55 )   (58 )    
Interest and other, net 13     (71 )    
Total earnings before taxes $ 1,704     $ 1,783      

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