HP Inc. Reports Fiscal 2017 Full-Year and Fourth Quarter Results

(a) Effective beginning of Q1 FY17, 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" represents not meaningful.


 
HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
 
  Twelve months ended October 31,  Change (%)
  2017  2016  Y/Y
Net revenue(a):     
Personal Systems     
Notebooks$19,782  $16,982  16%
Desktops10,298  9,956  3%
Workstations2,042  1,870  9%
Other1,252  1,179  6%
Total Personal Systems33,374  29,987  11%
Printing     
Supplies12,416  11,875  5%
Commercial Hardware3,973  4,035  (2)%
Consumer Hardware2,412  2,350  3%
Total Printing18,801  18,260  3%
Corporate Investments8  7  14%
Total segments52,183  48,254  8%
Net revenue eliminations and other(b)(127) (16) NM 
Total net revenue$52,056  $48,238  8%
 

(a) Effective beginning of Q1 FY17, 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" represents not meaningful.


 
HP INC. AND SUBSIDIARIES
SEGMENT OPERATING MARGIN SUMMARY DATA
(Unaudited)
 
  Three months ended  Change in Operating Margin (pts)
  October 31,
2017
  July 31,
2017
  October 31,
2016
  Q/Q  Y/Y
Segment operating margin:(a)           
Personal Systems 3.8%     3.7%     4.3%     0.1pts   (0.5)pts
Printing 16.6%     17.3%     14.0%     (0.7)pts   2.6pts
Corporate Investments (b) NM     NM     NM     NM   NM
Total segments 8.1%     8.4%     7.6%     (0.3)pts   0.5pts
                         

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